Author name: MCT

When a credit memo is issued, the seller’s accounts receivable and the buyer’s accounts payable are reduced. Credit memorandums can be issued for a number of reasons. The most common reasons involve a buyer returning goods, a price dispute, or as a marketing allowance. The credit memo means that the party who made a purchase

In the late 2000s and early 2010s, many solar companies were dealing with this exact kind of credit problem. Sales and income could be inflated by offering more generous terms to clients. However, because this issue was widely known in the industry, suppliers were less willing to extend cash flow from assets equals: terms and

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