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LenKa [72]
4 years ago
15

When a purchase on account is made the invoice becomes a debit memo?

Business
1 answer:
I am Lyosha [343]4 years ago
6 0
When a purchase on account is made, the invoice becomes a debit memo. The account receivable is normally documented through invoice which is issued to the customer who is buying on credit. When purchasing on an account, the balance of the invoice becomes a payable, that is, a debt. 
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