The document that requires adjustments to the customers subsidiary ledger account is the:
A)bill of lading.
B)sales invoice.
C)credit memo.
D)monthly statement.

Question

Quizplus · Accepted Answer

A credit memo is a document issued by the seller to the buyer indicating that the buyer's account has been credited for a specific amount, usually due to a return of goods or an allowance granted. This document serves as evidence of the adjustment made to the customer's subsidiary ledger account. The other options listed are all documents that may initiate a transaction but do not necessarily require adjustments to customer subsidiary ledger accounts.

The Document That Requires Adjustments to the Customers Subsidiary Ledger