A credit memorandum issued by a vendor results in the vendor recording a credit to the customer's account.

Name: A credit memorandum issued by a vendor results in the vendor recording a credit to the customer's account.
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A credit memorandum issued by a vendor indicates that the vendor is crediting the customer's account, usually due to a return, allowance, or overpayment, thus reducing the amount the customer owes to the vendor.

A Credit Memorandum Issued by a Vendor Results in the Vendor