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A Debit Memo is a over payment

A Credit Memo is a over payment

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10y ago
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Anonymous

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3y ago

The difference is where it originates

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Q: What is the difference between a credit memorandum and a debit memorandum?
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Difference between debit and credit in accounting?

A debit is money paid out or a loss, a credit in income or a gain.


What is the primary difference between a credit card and debit card?

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What is the difference between debit and credit?

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A debit is an entry showing money you have payed out. A credit is an entry showing money you have received.


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