What information can a Customer Statement provide?

A Customer Statement is an essential document used in accounts receivable management that provides a comprehensive overview of a customer’s account activity. The correct response highlights that a Customer Statement typically includes transaction history, an aging summary, and payment reminders.

Transaction history shows all transactions—such as invoices, payments, and adjustments—related to the customer's account, giving a complete record of their financial activity with the company. The aging summary provides important details about outstanding balances and helps businesses manage their collections by showing how long invoices have been outstanding and which accounts may require follow-up. Payment reminders keep customers informed of their obligations, encouraging timely payments and helping reduce aged receivables.

The other options do not accurately represent the specific contents of a Customer Statement. While a summary of a company's financial status and an overview of product inventories might be relevant in a broader financial report, they are not typically found in a Customer Statement. Similarly, predictions of future sales and revenue are generally based on market analysis and forecasting rather than being derived from a customer’s transaction records and account activity. Thus, the focus on transaction history and payment management in the correct response directly aligns with the fundamental purposes of a Customer Statement.