The Portion of an Invoice That Is Returned with Payment

question 116

Multiple Choice

The portion of an invoice that is returned with payment is a

• A) remittance advice
• B) voucher
• C) debit memo
• D) credit memo

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Definitions:

Chapter 11

A provision under the U.S. Bankruptcy Code that allows for reorganization under the bankruptcy laws of the United States.

Reorganizations

A process designed to revive a financially troubled or bankrupt company.

Reaffirmation Agreements

Legal documents in bankruptcy proceedings where a debtor agrees to repay a particular debt, notwithstanding bankruptcy discharge.

Rescind

To cancel, revoke, or repeal a contract, agreement, or offer.