When the Shipping Department Returns Nonconforming Goods to a Vendor

question 808

Multiple Choice

When the shipping department returns nonconforming goods to a vendor, the purchasing department should send to the accounting department the:

• A) Unpaid voucher.
• B) Debit memo.
• C) Vendor invoice.
• D) Credit memo.

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Definitions:

Real Estate Salesperson

A licensed individual who is authorized to conduct real estate transactions on behalf of sellers or buyers.

Dollar Volume

The total value of a particular financial transaction or set of transactions measured in dollars.

Piece Rate

A payment method based on the amount of work completed or units produced, rather than on the amount of time spent on the work.

Clothing Manufacturer

A company that produces clothing items, from the design phase through to production and distribution to retailers.