A debit note, or a debit memo, is a document issued by a seller to a buyer to notify them of current debt obligations. For example, if your business has $10,000 in its checking account and the bank charges a service fee of $35, the account will be reduced by $35 to $9,965 with that reduction noted in a debit memo. ![]() What is debit memo with example? Some examples of bank debit memos include: Bank service charge for maintaining the checking account. ![]() A debit memorandum or memo is a form or document, sometimes called a debit memo invoice, that informs a buyer that the seller is debiting or increasing its amount in the accounts receivable, thus increasing the amount of the buyer's accounts payable due to extenuating circumstances. As you can see, there are various applications of this term and you might come across other uses of it. ![]() In other words, when a buyer is issued a credit memo, it means that it will owe less money to the vendor.
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