Final answer:The report that summarizes a business day's charges and payments is called the Day sheet, serving as a daily financial summary critical for financial monitoring. So, the correct option is the B. Day sheet.Explanation:The report summarizing the business day's charges and payments is called the Day sheet. This report provides a record of all transactions processed during a business day, including services rendered, payments received, adjustments, and transfers. It is a crucial component in managing a company's financials, helping to keep track of daily financial activities and ensuring accuracy in the company's books. While accounts receivable relates to the money owed to the company that it expects to collect, the day sheet serves as a comprehensive daily financial summary that aids in monitoring the overall health of the business's finances....

Unlock to view answer

Unlock full access for 72 hours, watch your grades skyrocket.

For just $0.99 cents, get access to the powerful quizwhiz chrome extension that automatically solves your homework using AI. Subscription renews at $5.99/week.