You are working for a company and process a credit memo. This indicates that: merchandise was returned from the customer and the account receivable must be adjusted. merchandise was returned to a supplier and the accounts payable must be adjusted. merchandise was purchased and inventory must be adjusted. a sale took place and the accounts receivable must be adjusted. a sales discount was given to a customer for payments received early
You are working for a company and process a credit memo. This indicates that:
merchandise was returned from the customer and the account receivable must be adjusted.
merchandise was returned to a supplier and the accounts payable must be adjusted.
merchandise was purchased and inventory must be adjusted.
a sale took place and the accounts receivable must be adjusted.
a sales discount was given to a customer for payments received early
A credit memo is issued by a seller to the buyer indicating that amount due from the buyer has been reduced either due to any sales returns or any discount allowed after the invoice was issued or any other case where the amount due from a customer needs to be reduced.
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