A credit memorandum from a seller informs a buyer of the seller's credit to its Accounts Payable account arising from a sales return or allowance.

Name: A credit memorandum from a seller informs a buyer of the seller's credit to its Accounts Payable account arising from a sales return or allowance.
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A credit memorandum from a seller informs a buyer of the seller's credit to the buyer's Accounts Receivable account, not Accounts Payable, arising from a sales return or allowance.

A Credit Memorandum from a Seller Informs a Buyer of the Seller's