To record a reduction to a sale on account, a(n)____ is completed.
A)Sales Receipt
B)Sale Reduction
C)Invoice with a negative amount
D)Credit Memo

Question

Quizplus · Accepted Answer

A Credit Memo is issued to record a reduction to a sale on account, indicating that the customer's balance has been credited due to a return, allowance, or any other reason for reducing the total amount of a sale.

To Record a Reduction to a Sale on Account, A(n)____