Question

A debit memorandum increases which account on the buyers books? Answer choices in picture

Answer 1

Letter B. Purchases Returns and Allowances.

Answer 2

I would say accounts payable since it is a debit or it means money that has to be paid out most likely for a product or a service such as the cost of drilling at a mine say which would be taken off the budget and thus reduce the balance of the budgeted amount.