A document recording the transactions of an organization with its customer for a specified period which normally shows the indebtedness of one to the other is a?

A. statement of account
B. consular invoice
C. proforma invoice
D. statement affairs

Correct Answer:

Option A – statement of account

Explanation

A statement of account is a detailed report of the contents of an account. An example is a statement sent to a customer, showing billings to and payments from the customer during a specific time period, resulting in an ending balance.