Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• CREDIT MEMOS
  
  Accounting adjustments that reduce account receivable balances due from account debtors. Usually credit memos are generated to account for merchandise that is returned and when credit is given to customers for damaged goods. Credit memos are the accounting reflection of charge-backs.
  
  Back