A statement of account sent by a seller to a buyer at the end of the month serves primarily to

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summarise all transactions between the two parties during the period and show the balance owed. A statement of account is a periodic summary document that lists all invoices raised, credit notes issued, payments received, and the outstanding balance owed by the buyer. It is not a demand for immediate payment but a record for reconciliation purposes. It helps both parties verify that their reco

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A) demand immediate payment for goods just delivered

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B) summarise all transactions between the two parties during the period and show the balance owed

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C) inform the buyer of a reduction in the price of goods previously invoiced

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D) acknowledge the return of damaged goods by the buyer

A statement of account sent by a seller to a buyer at the end of the month serves primarily to

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