Definitions. . 1  a musical direction to remove or play without the mute or (on the piano) with the sustaining pedal pressed down.efinitions. . 1  a musical direction to remove or play without the mute or (on the piano) with the sustaining pedal pressed down.
If you return goods to a supplier or if a customer returns goods to you for a full or partial credit, a credit note must be issued so that you or your customer can process this and adjust your accounts accordingly. A credit note is the recording in your accounts of the funds returned to the customer for a paid invoice.
A credit memo is the piece of paper issued by the seller to inform a buyer that a credit has been posted to the buyer's account. This credit memo is recorded as a credit to accounts receivable on the seller's books and is recorded as a debit to accounts payable on the buyer's books. Remember that what is accounts receivable to the seller is accounts payable to the buyer.