A debit memorandum is: The source document for the purchase of merchandise inventory. The document a seller issues to inform the

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A debit memorandum is: The source document for the purchase of merchandise inventory. The document a seller issues to inform the

buyer of a debit made to the buyer's account in the seller's records. Required when a purchase discount is granted. The document a buyer issues to inform the seller of a debit made to the seller's account in the buyer's records. Not necessary in a perpetual inventory system.

Business

1 answer:

frosja888 [35] · Answer 1 · 2022-02-06T01:20:26+03:00

Answer:

The document a buyer issues to inform the seller of a debit made to the seller's account in the buyer's records.

Explanation:

A debit memorandum is a notice to a client that a debit change to their accounts has been made, decreasing the amount of the available funds. Bank transactions, incremental billing, or internal offsets are the three primary reasons for issuing a debit memo.

Therefore according to the given option, the correct option is fourth and the same is to be considered