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    Business
  3. Study Set
    Auditing and Assurance Services Study Set 2
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    Exam 18: Audit of the Acquisition and Payment Cycle: Tests of Controls, Substantive Tests of Transactions, and Accounts Payable
  5. Question
    A Document Indicating a Reduction in the Amount Owed to a Vendor
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A Document Indicating a Reduction in the Amount Owed to a Vendor

Question 119

Question 119

Multiple Choice

A document indicating a reduction in the amount owed to a vendor because of returned goods is


A) a debit memo.
B) a credit memo.
C) a receiving report.
D) a contractual adjustment form.

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