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In this lecture, the term "debit memorandum" is defined according to the 22nd edition of fundamental accounting principles. A debit memorandum is a notification from the issuer (sender) indicating that they have debited the recipient's account in their records. It’s important to remember that "debit" refers to the amount on the left side of a ledger. The emphasis is on the sender's records, not the recipient's, which means the debit action may differ from what the recipient's records reflect. Understanding this distinction is crucial, as it highlights that a debit simply represents the left-side amount in accounting.