What is the nature of: (a) A credit memorandum issued by the seller of merchandise? (b) A debit memorandum issued by the buyer of merchandise?
Question:
What is the nature of:
(a) A credit memorandum issued by the seller of merchandise?
(b) A debit memorandum issued by the buyer of merchandise?
Answers (1)
Do you know the answer?
Leave a comment
Not sure about the answer?
Find the right answer to the question What is the nature of: (a) A credit memorandum issued by the seller of merchandise? (b) A debit memorandum issued by the buyer of merchandise? by subject Humanities, and if there is no answer or no one has given the right answer, then use the search and try to find the answer among similar questions.
Search for other answers
New questions in the category: Humanities
What prophet predicted the birth of Jesus?
Answers (1)
What is the moral of the story Sexy by Lahiri?
Answers (1)
How did Brenda and Jorge betray Thomas in The Maze Runner?
Answers (1)
What might the impact of a flat world be on your standard of living ?
Answers (1)
The Latin term ceteris paribus means (a) to mix together. (b) with other things equal. (c) bias.
Answers (1)
What message does London convey in his story To Build a Fire?
Answers (1)
In the Bible, how old was Isaiah when he died?
Answers (1)
What is an example of an analog input device?
Answers (1)
What does CM stand for in medical terms?
Answers (1)
During the marketing research process, __________ are the specific, measurable goals the decision maker seeks to achieve in conducting the marketing research. A) measures of success B) research objectives C) marketing research plans D) decisions definitio
Answers (1)
Candym Enterpirses networking ? what type of networking does Candym use and how does it benefit themCandym Enterpirses networking: What type of networking does Candym use and how does it benefit them
Answers (0)
What is the conflict of A Telephone Call by Dorothy Parker?
Answers (1)
An assignment of a member’s interest in an LLC with or without the approval of the other members: a. dissolves the LLC. b. doesn’t dissolve the LLC. c. automatically gives the buyer the rights of the manager. d. automatically entitles the buyer to governi
Answers (0)
What is the mood in “The Most Dangerous Game”?
Answers (1)
How to say I come from in Spanish?
Answers (1)
What is the simple past tense of lead?
Answers (1)
What is the climax of The Possibility of Evil and why?
Answers (1)
Some designers suggest that speech recognition should be used in a telephone menu system. This would allow users to interact with the system by speaking instead of pressing b
Answers (1)
How to calculate the volume of 1 drop of water using a burette? Form a graph of burette readings against cumulative no. of drop.
Answers (1)
In Number the Stars, why was Peter’s reading from the Bible so important?
Answers (1)
Authorization
Password generation
(a) A credit memorandum is a document issued by the seller of merchandise to adjust the buyer's account. It indicates that the seller has credited the buyer's account for a specific amount, typically due to an error or discrepancy in the original invoice. For example, if the seller overcharged the buyer or the buyer returned some of the merchandise, the seller would issue a credit memorandum to reduce the amount owed by the buyer. In this way, the credit memorandum serves as evidence of the adjustment made to the buyer's account, and helps to ensure that the buyer is not overcharged.
(b) A debit memorandum is a document issued by the buyer of merchandise to adjust the seller's account. It indicates that the buyer has debited the seller's account for a specific amount, typically due to an error or discrepancy in the original invoice. For example, if the buyer was undercharged or the seller did not deliver all the merchandise ordered, the buyer would issue a debit memorandum to increase the amount owed to the seller. In this way, the debit memorandum serves as evidence of the adjustment made to the seller's account, and helps to ensure that the seller is not underpaid.