In maintaining the accounts receivable, the method that applies a customer's remittance (payments) to the...
70.2K
Verified Solution
Link Copied!
Question
Accounting
In maintaining the accounts receivable, the method that applies a customer's remittance (payments) to the total outstanding balance without matching it to invoices they are paying is: O Lock box Balance-forward Turnaround O Cycle billing Open-invoice
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!