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A document to support the buyer's return of defective merchandise.Select one:a.Debit Memorandumb.Merchandisingc.Cost of Goods manufacturedd.Income Statement

Question

A document to support the buyer's return of defective merchandise.Select one:a.Debit Memorandumb.Merchandisingc.Cost of Goods manufacturedd.Income Statement

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Solution

The correct answer is a. Debit Memorandum. This document is used to indicate a reduction in the amount that the buyer owes the seller under accounts payable. This could be due to the return of defective merchandise, an allowance

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