If merchandise purchased on account is returned the seller may inform the buyer of the details by issuing.?

If merchandise purchased on account is returned, the seller may inform the buyer of the details by issuing a credit memo. This document typically outlines the items being returned, the reason for the return, and the corresponding credit amount that will be applied to the buyer's account. The credit memo serves as an official record of the return transaction and adjusts the buyer's outstanding balance accordingly.