Which of the following is the correct chronological order of events in the purchase return process?
A)1 = receive return authorization; 2 = prepare debit memo; 3 = receive credit or check; 4 = goods returned
B)1 = prepare debit memo; 2 = receive credit or check; 3 = goods returned; 4 = receive return authorization
C)1 = receive return authorization; 2 = prepare debit memo; 3 = goods returned; 4 = receive credit or check
D)1 = receive return authorization; 2 = goods returned ; 3 = prepare debit memo; 4 = receive credit or check

Question

Quizplus · Accepted Answer

The correct chronological order of events in the purchase return process is to first receive return authorization, then prepare a debit memo, have the goods returned, and finally receive credit or a check. Option C is the only one that follows this order.

Which of the Following Is the Correct Chronological Order of Events