Difference between revisions of "Debit memorandum"

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(Created page with "Debit memorandum is decrease in depositor's balance. ==Definitions== According to College Accounting: A Practical Approach by Slater (13th edition)‎, :Debit memo...")
 
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[[Debit memorandum]] is decrease in depositor's balance.
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[[Debit memorandum]] is a memo issued by a purchaser to a seller, indicating that some Purchases Returns and Allowances have occurred and therefore the purchaser now owes less money on account. [[Debit memorandum]] can also be a decrease in depositor's balance.
  
  
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According to [[College Accounting: A Practical Approach by Slater (13th edition)‎]],
 
According to [[College Accounting: A Practical Approach by Slater (13th edition)‎]],
 
:[[Debit memorandum]]. Decrease in depositor's balance.
 
:[[Debit memorandum]]. Decrease in depositor's balance.
 +
:[[Debit memorandum]]. A memo issued by a purchaser to a seller, indicating that some Purchases Returns and Allowances have occurred and therefore the purchaser now owes less money on account.
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 +
  
 
==Related concepts==
 
==Related concepts==
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*[[Credit memorandum]].
 
*[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
 
*[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
  

Revision as of 08:57, 20 December 2018

Debit memorandum is a memo issued by a purchaser to a seller, indicating that some Purchases Returns and Allowances have occurred and therefore the purchaser now owes less money on account. Debit memorandum can also be a decrease in depositor's balance.


Definitions

According to College Accounting: A Practical Approach by Slater (13th edition)‎,

Debit memorandum. Decrease in depositor's balance.
Debit memorandum. A memo issued by a purchaser to a seller, indicating that some Purchases Returns and Allowances have occurred and therefore the purchaser now owes less money on account.


Related concepts

Related coursework