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
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.