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2. Describe the importance of a credit memorandum and its impact on businesses that have merchandise.
The credit memo is important because it issued because the buyer to returned goods to the seller, or there is a pricing dispute, or a marketing allowance, [ [ or other reasons under which the buyer will not pay the seller the full amount of the invoice. The seller records the credit memo as a reduction of its accounts receivable balance, while the buyer records it as a reduction in its accounts
payable balance. ] ]
Expert answered|believerinChrist|Points 16|
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Asked 9/20/2013 7:46:18 PM
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