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25 April, 10:25

When a buyer returns or takes an allowance on merchandise the issues a?

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  1. 25 April, 11:21
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    If a buyer were to return or take an allowance on merchandise, they must issue a debit memorandum. They do this to let the seller know there was a debt made to their accounts payable in their records. This limits the liability they have for being audited for incorrect placement of debt.
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