Billing method in which the sales for a period such as a month (for which a customer also receives invoices) are collected into a single statement, and the customer must pay all the invoices represented on the statement.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A bill for goods or services that collects several invoices from a given time, usually a month, into one document. The statement bill is presented to the customer, who is then responsible to pay for all goods or services listed on it. This is useful for repeat customers, who may purchase several goods and services from a business over a given period of time.
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