ABSTRACT

In addition to other documents already mentioned, it is necessary to know how to make an abstract (or statement) of account for your debtor, in case he should request it. This request cannot reasonably be refused, especially if he has had an account with you for a long time. Begin at the time of the first transaction, or in the event that you have had previous settlements, at any other point in time where your debtor may desire. You should do this willingly.