A customer purchased items on account from Santorini,Inc.After a few days,the customer returned the goods.Santorini,Inc.will issue a:

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Santorini, Inc. will issue a credit memorandum as it is returning the value of the goods to the customer's account. A debit memorandum would be issued if the customer owed more money on their account, a return receipt is not issued by the seller, and a refund check would only be issued if the customer had paid for the items and the payment was being returned.

A Customer Purchased Items on Account from Santorini,Inc