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C_TFIN52_64 · Question #45

A company sells products. Sometimes, when dealing with complaints, they need to issue a credit memo. Which accounts will be used to issue credit memos?

The correct answer is C. Receivables and revenue account. See the full explanation below for the reasoning.

Question

A company sells products. Sometimes, when dealing with complaints, they need to issue a credit memo. Which accounts will be used to issue credit memos?

Options

  • APayables and revenue account
  • BPayables and expense account
  • CReceivables and revenue account
  • DReceivables and expense account

How the community answered

(44 responses)
  • A
    7% (3)
  • B
    2% (1)
  • C
    75% (33)
  • D
    16% (7)

Community Discussion

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