If a Credit Memorandum Is Issued, What Account Will Be

question 100

Multiple Choice

If a credit memorandum is issued, what account will be increased on the seller's books?

• A) Accounts Receivable
• B) Accounts Payable
• C) Sales Discount
• D) Sales Returns and Allowances

---

Definitions:

1990s

The decade that began on January 1, 1990, and ended on December 31, 1999, known for technological advances and global political changes.

American People

The citizens or inhabitants of the United States of America, characterized by a diverse blend of cultures, ethnicities, and traditions.

George W. Bush Administration

The executive period of the United States government from 2001 to 2009, marked by events such as the September 11 attacks and the initiation of the Iraq War.

Domestic Accomplishments

Achievements or tasks completed within the home or pertaining to internal affairs of a country.