Question

Which of the following standard correspondence types can you use to exchange information with customers and suppliers?

Note: There are 2 correct answers to this question.

1) Bill of exchange charges statements
2) Payment notices
3) Dunning letters
4) Invoices

Answer 1

Payment notices and invoices are the two standard correspondence types that can be used to exchange information with customers and suppliers.

Step-by-step explanation:

The two standard correspondence types that you can use to exchange information with customers and suppliers are:

1. Payment notices: Payment notices are used to inform customers and suppliers about outstanding payments or to request payment for goods or services.
2. Invoices: Invoices are used to provide a detailed breakdown of goods or services sold, including the amount owed by the customer or supplier.

These documents are important for maintaining clear communication and ensuring timely payments or settlements in business transactions.