A credit memorandum is sent to a customer for the purpose of
A) informing the customer an amount has been added to their account.
B) informing the customer an amount has been deducted from their account.
C) informing the customer they are terminated.
D) to inform the customer their account limit is being increased.

Question

Quizplus · Accepted Answer

A credit memorandum is sent to inform the customer that an amount has been deducted from their account, typically for a refund or adjustment.

A Credit Memorandum Is Sent to a Customer for the Purpose