If a credit memorandum is issued, what account will be decreased on the seller's books?

A) Accounts Receivable
B) Sales Discounts
C) Sales
D) Sales Returns and Allowances

Sales Returns And Allowances

Concessions granted to customers for returned goods or from granting reductions in the original sales price.

Sales Discounts

Reductions in the price sold given by a seller to a buyer, often used as an incentive for early payment or bulk purchases.

Accounts Receivable

Money owed to a company by its customers for goods or services delivered but not yet paid for.