Question

Ales

31. What transaction should you enter if a customer returns a damaged product or,
the case of a service, complains so much you decide to offer a refund?
a. Debit Memo
. There is no such transaction in QuickBooks.
b. Credit Mema/
c.
Customer Return
. There is no such transaction in QuickBooks.
d. Check or Bill
• A purchase transaction does not "reverse" the sale.

Answer 1

b. Credit Memo

A Credit Memo is the transaction you would enter in QuickBooks if a customer returns a damaged product or, in the case of a service, complains so much that you decide to offer a refund.