Dictionary of Accounting Terms: debit memorandum
debit memorandum
- form or document used by a seller to notify a buyer that the seller is debiting (increasing) the amount of the buyer's accounts payable due to errors or other factors requiring adjustments.
- form or document given by the bank to a depositor to notify that the depositor's balance is being decreased due to some event other than payment of a check, such as bank service charges.
Dictionary of Business Terms: debit memorandum
debit memorandum
notice of a charge against an account, such as a deposited check that was returned because of insufficient funds.
