OMS Benchmark 1

On a statement, line item is just another term for transaction.

If a line item's total is a negative number, the line item can be referred to as a:

A receipt and a chit are synonymous.

Every line item should also have an associated chit.

The balance forward is the value of the member's balance COMING INTO the month.

The statement total is the value of the member's balance AT THE END of the month.

The statement total and the balance due don't refer to the same thing.

The balance due should always equal the sum of which of the following (select all that apply):

Member's can have up to 2 separate minimum periods.

A minimum period can be monthly or annually, but not quarterly.

The balance forward should always be equal to the previous month's balance due.