What is included in an Open Item Customer Statement?

An Open Item Customer Statement primarily includes a list of open items, which are typically outstanding invoices that have not been paid. This also means it reflects transactions within a specific timeframe, such as the last 365 days. Including just those open items gives both the business and the customer a clear understanding of what is still due, helping manage accounts receivable effectively.

While it may seem relevant to consider overdue invoices or a summary of paid invoices, they do not align with the definition of an open item statement, which focuses on what remains outstanding. The comprehensive transaction history might encompass more than just open items, but the context and purpose of an Open Item Customer Statement is specifically about tracking the current unpaid invoices within a specified period. Thus, option B stands out as the correct answer because it captures the essence of what is reported in such statements.