A ________ Indicates a Reduction in the Amount Due from a Customer

question 125

Multiple Choice

A ________ indicates a reduction in the amount due from a customer because of returned goods or an allowance.

• A) bill of lading
• B) sales invoice
• C) credit memo
• D) monthly statement

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Definitions:

Corporation

A legal entity that is separate from its owners, with its own rights and obligations, and can conduct business, enter contracts, sue, and be sued.

Social Security Offices

Government facilities where individuals can obtain assistance with Social Security benefits and services.

Post Offices

Governmental or private establishments where postal services such as mail receipt, dispatch, and delivery are handled.

Bureaus of Vital Statistics

Government agencies that record and maintain essential documents, such as birth, death, marriage, and divorce records.