Credit/Debit Memos A credit memo form or invoice is a document which serves the purpose of return slip. It is generated by the seller of a product when he wants the buyer to know about the amount of money that he should pay. The main objective behind using this memo is to ensure that the complete transparency in organizing the credits has achieved. The benefit of this document is that it resolves the disputes among two parties. These memos are also sent by any financial institution to the person when the payment of the person is overdue. A memo enables…
