Which document summarizes all transactions with a supplier over a period?

• A. Invoice
• B. Receipt
• C. Supplier's statement
• D. Credit note

Answer: (C)

A supplier’s statement is the document that summarises all activity with a supplier over a set period. It brings together every invoice issued by the supplier, each payment you’ve made, and any credit notes or returns, and shows the opening and closing balances. Because it consolidates multiple transactions into one record, it’s the standard tool for checking your records against the supplier’s and for spotting any missing invoices or payments.

Invoices are for individual bills from the supplier, showing a single amount due. A receipt confirms that a payment has been made. A credit note records an adjustment that reduces what you owe. None of these provide the full period-wide summary that a supplier’s statement does.