To answer this question, let's go through each option to understand why it is correct or incorrect:
Option A) Statement of Account Covering Letter - This option is incorrect. A Dunning Letter is not a statement of account covering letter. It is a specific type of letter used for debt collection purposes.
Option B) Invoice Covering Letter - This option is incorrect. A Dunning Letter is not an invoice covering letter. It is a letter used to remind customers about outstanding payments.
Option C) Reminder Letters - This option is correct. Dunning Letters are reminder letters sent to customers who have overdue or outstanding payments. These letters typically include information about the outstanding balance, payment due date, and consequences for non-payment.
Option D) Receipt Covering Letters - This option is incorrect. A Dunning Letter is not a receipt covering letter. It is a letter sent to request payment from customers who have not yet made their payment.
The correct answer is C) Reminder Letters. Dunning Letters are reminder letters sent to customers with overdue or outstanding payments.