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C_TFIN52_67 · Question #95

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 D. 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 expense account
  • BReceivables and expense account
  • CPayables and revenue account
  • DReceivables and revenue account

How the community answered

(43 responses)
  • A
    14% (6)
  • B
    7% (3)
  • C
    2% (1)
  • D
    77% (33)

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