Purchase order ( PO ) is a commercial document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products ...
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Showing posts with label Accounting Terms. Show all posts
Showing posts with label Accounting Terms. Show all posts
Debit memo
When a company fails to pay or short-pays an invoice, it is common practice to issue a debit memo for the balance and any late fees owed. I...
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Credit Memo
If the buyer returns the product, the seller usually issues a credit memo for the same or lower amount than the invoice, and then refunds th...
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