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What is a remittance slip?

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Answer:

It is a financial document that is usually sent to a customer of a supplier. It is usually a tear-off part on a statement of accounts. It helps the both the customer and the supplier, it makes it clear which invoices the customer are paying, for example by putting ticks next to them.
They can be enclosed with the payment.

If the customer did not make it clear what invoice they are paying then later invoices will be paid which would be bad because these have the most trade credit on (the time they have to pay it) the customer wants to pay the earliest invoice so that it is not overdue and they are not charged interest. This will also please the customer.

Hope that helped!

First answer by ID1544705678. Last edit by ID1544705678. Question popularity: 1 [recommend question].

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