An account that is open to charges made occasionally as needed is called a(n) ____.
A) single-entry account
B) open-book account
C) account payable
D) written-contract account
E) collection account

Question

Quizplus · Accepted Answer

An open-book account refers to an account that allows for charges to be made occasionally as needed, typically in a business context where transactions between parties are recorded and settled periodically.

An Account That Is Open to Charges Made Occasionally as Needed