Question

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.

Answer 1

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

Step-by-step 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