Elance Exams Answers PDF file

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Download PDF file of elance Zoho Creator Exam Answers

If you issue a credit memo to a customer for a defective product, how does Quickbooks handle the inventory account?

Because it was defective, Quickbooks assumes you return it to the manufacturer for a refund
Quickbooks books it as an inventory expense due to damage.
All appropriate inventory changes must be made manually.
Quickbooks assumes the inventory is returned to stock.
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