The accounts receivable system in which all the accounts receivable master data contains individual open invoices, against which payments and other adjustments are applied:
A) pre-billing system
B) open-item system
C) balance-forward system
D) post-billing system

Question

Quizplus · Accepted Answer

The open-item system is the only choice that specifically matches the description given, which is that each account receivable master data contains individual open invoices that are matched against payments and other adjustments. The other choices either do not match this description (pre-billing and post-billing systems) or are not specific enough (balance-forward system).

The Accounts Receivable System in Which All the Accounts Receivable