A credit memo is a document used internally that indicates authority to write-off an account receivable as uncollectible.

Name: A credit memo is a document used internally that indicates authority to write-off an account receivable as uncollectible.
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A credit memo is issued by a seller to a buyer, reducing the amount the buyer owes to the seller under the terms of an existing invoice, often due to returned goods or an overcharge, not for writing off an account as uncollectible.

A Credit Memo Is a Document Used Internally That Indicates