Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 5 - No. 7)
What is a statement of account?
A list of all transactions.
A summary of transactions between a supplier and its customer.
A summary of all transactions between the supplier and their employees.
A document sent by the customer to the supplier.
Explanation
A statement of account summarizes transactions between a supplier and its customer over a period.
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