Who issues a credit memorandum, Cost Accounting

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Who issues a credit memorandum

Response to the following questions:

1. Why is it a good practice to post daily to the accounts receivable or accounts payable ledgers?

2. Explain the meaning and importance of the shipping terms FOB destination and FOB shipping point. Who has title to the goods once they have been shipped?

3. Who issues a credit memorandum and why?

4. What is the difference between a periodic inventory system and a perpetual inventory system?

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Cost Accounting: Who issues a credit memorandum

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Cost Accounting: Who issues a credit memorandum

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