A Form Used by Business to Inform Customers That Their

question 45

Multiple Choice

A form used by business to inform customers that their account balance has been reduced is:

• A) Debit Memorandum
• B) Credit Memorandum
• C) Adjustment Memorandum
• D) Sales Return and Allowance Memo

---

Definitions:

Form 10-Q

The quarterly report that publicly traded companies must file with the SEC.

Unaudited

Describes financial statements or reports that have not undergone a formal examination and verification process by an external auditor.

Quarterly Financial Statements

Financial reports that are issued after every three months by a corporation, providing a snapshot of its financial health.

Securities & Exchange Commission

A federal agency in the United States tasked with overseeing the securities markets and safeguarding the interests of investors.