Examlex
Describe the purpose and form of memorandums or memos.
Credit Memo
A document issued to a buyer, reducing the amount they owe due to a return or rebate.
Chart of Accounts
A systematic list of all accounts used by an organization, essential for organizing financial information and preparing financial statements.
Merchandising Business
A commercial enterprise that purchases goods in a finished condition for the purpose of resale without further manufacturing.
Contra Accounts
Accounts used in the accounting ledger to reduce the value of a related account when the two are netted together.
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