Credit Memo
This document is issued to reduce the amount a customer owes
What is a credit memo?
The account number used for Accrued Expense - Utilities
What is 2101?
The famous spy who is known as 007
Who is James Bond?
The most recent apostle who visited BYUH
Who is Elder Renlund?
The basic equation of Accounting
What is Assets = Liabilities + Equity?
The G/L account to use when creating a credit memo related to discrepancies with AR invoices
What is 4007?
The G/L acct for Cash-BOH-AR trade
What is 1001?
The only mammal that can't jump
What is elephant?
The four sons of Mosiah
Who are Ammon, Aaron, Omner, and Himni?
The financial statement that shows a company's assets, liabilities, and equity.
What is the balance sheet?
The cost center needed when creating a credit memo
What is 710?
This journal entry: Dr A/P Cr Cash
What is the journal entry for paying invoices?
The smallest country in the world by land area
What is Vatican City?
The 15th Latter-Day Prophet
Who is Gordon B. Hinckley?
The process of spreading the cost of a fixed asset over its useful life
What is depreciation?
The person or department responsible for issuing credit memos
Who is the accounts receivable team?
The account number used for Professional Fees for lawyers and accountants
What is 5311?
This insect can carry objects 50 times its body weight.
The birthday of President Russell M. Nelson
What is September 9, 1924?
A system of accounting where every transaction affects at least two accounts
What is double-entry accounting?
The scanned Credit Memo form signed by Tau
What is the attachment for creating a credit memo?
The account number used for Employee Enrichment
What is 5323?
The “voice box” is an organ in the human throat that plays a crucial role in speech production.
What is the larynx?
The prophet who served a short mission in the Hawaiian Islands and was drowned but brought back to life after resuscitation.
Who is Lorenzo Snow?
The term for expenses that have been incurred but not yet paid
What are accrued expenses?