A credit memorandum informs a customer of a credit to its Accounts Payable account from a sales return or allowance.

Name: A credit memorandum informs a customer of a credit to its Accounts Payable account from a sales return or allowance.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

A credit memorandum informs a customer of a credit to its Accounts Receivable account, not Accounts Payable, reflecting a sales return, allowance, or other credit situation.

A Credit Memorandum Informs a Customer of a Credit to Its