When a seller decreases a customer's accounts receivable balance to account for a refund to the customer,
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Question:
When a seller decreases a customer's accounts receivable balance to account for a refund to the customer, the seller sends the customer a _____ indicating the seller's intent to decrease the account receivable balance.
a). invoice.
b). purchase order.
c). credit memo.
d). debit memo.
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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