The document that serves as the basis for initiating the sales return and internal processing of the customer return by the seller is referred to as a ________.
A)credit memo
B)receiving report
C)sales return authorization
D)debit memo

Question

Quizplus · Accepted Answer

A sales return authorization is a document used by the seller to initiate the process of accepting and processing a customer return. It provides details such as the reason for the return, the original purchase order number, and other important information needed to handle the return. A credit memo is issued after the return is processed and indicates the amount of credit to be issued to the customer's account. A receiving report is used by the buyer to confirm receipt of goods received from the seller. A debit memo is used by the buyer to request a credit from the seller for a variety of reasons such as defective or damaged goods.

The Document That Serves as the Basis for Initiating the Sales