A ________ indicates a reduction in the amount due from a customer because of returned goods or an allowance.
A) bill of lading
B) sales invoice
C) credit memo
D) monthly statement

Question

Quizplus · Accepted Answer

A credit memo is a document that indicates a reduction in the amount due from a customer. This can be because of returned goods or an allowance given to the customer, such as a discount or promotional offer. A bill of lading is a document used in shipping to acknowledge the receipt of goods. A sales invoice is a document used to request payment for goods or services provided. A monthly statement is a summary of transactions and balances for a specific period of time, but does not indicate a reduction in the amount due.

A ________ Indicates a Reduction in the Amount Due from a Customer