A debit memorandum decreases which account on the buyer's books?
A) Accounts Payable
B) Sales
C) Sales Discount
D) Accounts Receivable

Question

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A debit memorandum issued to a buyer typically indicates a decrease in the amount the buyer owes to the seller, thus reducing the Accounts Payable balance on the buyer's books. This could be due to a return of goods, an allowance, or a pricing error correction.

A Debit Memorandum Decreases Which Account on the Buyer's Books