PURCHASE RETURNS AND ALLOWANCES
{"Image DocumentName": "PURCHASE RETURNS AND ALLOWANCES", "Image ImageDescription": "A sales return and allowance on the seller\u2019s books is recorded as a purchase return and allowance on the books of the purchaser. Purchase Returns and Allowances. contra account to Purchases. Normal credit balance. Debit memorandum. Purchaser initiates the request for a reduction of the balance due through the issuance of a the debit memorandum. A document issued by a buyer to inform a seller that the seller\u2019s account has been debited because of unsatisfactory merchandise.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}