A debit memorandum increases which account on the buyer’s books?

Accounting
Tutor: None Selected Time limit: 1 Day

A debit memorandum increases which account on the buyer’s books?

A. Accounts Payable

B. Purchases Returns and Allowances

C. Sales Returns and Allowances

D. Accounts Receivable

I think it is either B or D. I am confused on these 2

Jan 13th, 2015

D. Accounts Receivable

Jan 13th, 2015

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Jan 13th, 2015
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Jan 13th, 2015
Feb 25th, 2017
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