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While an invoice relates to a specific transaction, a statement can cover multiple transactions. Its a document used when buyers owe the business money on account. The statement is a current report showing the customers account status, reflecting payments already made and outstanding invoices.
Who pays transfer tax in Aurora, IL?
TRANSFER TAXES ARE ASSESSED WHEN A PROPERTY IS TRANSFERRED/SOLD. Most municipalities in Illinois with transfer taxes charge a set amount per $1,000 of the sales price. For example, in Aurora, sellers must pay $3 for every $1,ooo in a transaction.
What is the meaning of statement of account?
A statement of accounts is a document that reflects all transactions that took place between you and a particular customer for a given period of time. Generally business owners send statements of accounts to their customers to let them know how much they owe for sales that took place on credit during that period.
How can I get a statement of account?
Your online banking page will list out all of your statements. From there, you can download a PDF or order a paper version by mail. You can also call your banks customer service line for help.
What is statement of accounts (CRA)?
Statement of account The statement shows all amounts posted and charged to your account for a particular reporting and/or nonreporting period. It is used to: acknowledge receipt of payments.
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