Which of the following serves as the basis for initiating the sales return and internal processing of the customer return by the seller?
A)Cash receipts journal
B)Sales return authorization
C)Credit memo
D)Receiving report

Question

Quizplus · Accepted Answer

Sales return authorization serves as the basis for initiating the sales return and internal processing of the customer return by the seller. It is a document that is issued by the seller to the buyer, authorizing the return of merchandise, and includes information such as the reason for the return, the original purchase order number, and the return authorization number.

Which of the Following Serves as the Basis for Initiating