The buyer issues a debit memorandum to indicate that a previous purchase amount is being reduced because goods were returned, or an allowance was requested.

Name: The buyer issues a debit memorandum to indicate that a previous purchase amount is being reduced because goods were returned, or an allowance was requested.
Brand: Quizplus
Rating: 4.9 (23 reviews)

Question

Quizplus · Accepted Answer

A debit memorandum is issued by the buyer to notify the seller of a reduction in the amount owed due to returned goods or an allowance for defective or unsatisfactory merchandise.

The Buyer Issues a Debit Memorandum to Indicate That a Previous