Credit Memo Example
Acme Enterprises Pvt. Ltd.
123, Business Avenue
Mumbai, Maharashtra 400001
Phone: +91 1234567890
Email: info@acmeenterprises.com
Website: www.acmeenterprises.com
Credit Memo
Date: May 9, 2024
Customer Information:
Customer Name: XYZ Retail Pvt. Ltd.
Customer Address: 456, Main Street
Pune, Maharashtra 411001
Customer Phone Number: +91 9876543210
Customer Email Address: xyzretail@gmail.com
Credit Memo Number: CM20240509
Order Information:
Order Number: ORD202400123
Order Date: April 25, 2024
Reason for Credit:
Goods Returned due to manufacturing defects.
Item Details:
|
Item Description |
Quantity |
Unit Price (₹) |
Total (₹) |
|---|---|---|---|
|
Product A |
2 |
500 |
1,000 |
|
Product B |
3 |
750 |
2,250 |
|
Product C |
1 |
1,200 |
1,200 |
|
Subtotal |
4,450 |
||
|
Tax (GST @ 15%) |
670 |
||
|
Total |
5,120 |
||
|
Credit Amount |
5,120 |
Terms and Conditions:
- This credit memo is valid for redemption within 30 days from the date of issue.
- The credit amount can be used towards future purchases only.
- This credit memo is non-transferable and cannot be exchanged for cash.
Authorized Signature:
John Doe
Accounts Manager
Acme Enterprises Pvt. Ltd.
accounts@acmeenterprises.com
+91 1234567890
Credit Memo: Format and Example
A credit memo is a document issued by a seller to a buyer, indicating a reduction in the amount owed by the buyer to the seller. It serves as a formal acknowledgement of the credit issued for returned goods, adjustments in pricing, or other reasons. Credit memos play a crucial role in maintaining transparent and accountable financial transactions between businesses.
Here’s a standard format for creating a credit memo along with an example.