A document completed to prepare a record of the sales return and to adjust the amount of the customer's credit status is called a(n):
A)Receiving log
B)Credit memorandum
C)Sales invoice
D)Sales journal

Question

Quizplus · Accepted Answer

A credit memorandum is a document used to record a sales return and adjust the customer's credit status. A receiving log is a document used to record incoming shipments, a sales invoice is a document used to record a sale, and a sales journal is a record of all sales made by a company.

A Document Completed to Prepare a Record of the Sales