Credit memorandum

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Credit memorandum is increase in depositor's balance.


Definitions

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

Credit memorandum. Increase in depositor's balance.
Credit memorandum. A piece of paper sent by the seller to a customer who has returned merchandise previously purchased on credit. The credit memorandum indicates to the customer that the seller is reducing the amount owed by the customer.

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