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Notarize Debit Memo

Notarize Debit Memo

Aug 6th, 2022

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How to notarize Debit Memo

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In this lecture, the term "debit memorandum" is defined according to fundamental accounting principles. A debit memorandum is a notification from the issuer that they have debited the recipient's account in their own records. It's important to understand that "debit" refers to the amount recorded on the left-hand side of a ledger, without any additional meanings. The focus is on the sender's records, not the recipient's. This distinction is crucial as the debit action may differ from what is reflected in the recipient's records. Therefore, remembering that "debit" simply denotes the amount on the left side of the ledger is key to understanding this concept.

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