What is a credit slip also known as?

A credit slip is known as a credit voucher because it serves as a document issued to a customer, indicating that a certain amount has been credited to their account. This typically occurs when a customer returns goods or when a service has not met expectations, allowing the customer to redeem the voucher for future purchases or a refund.

In the context of accounting and transactions, the credit voucher acts as a mechanism to track adjustments to customer accounts and ensures that the value of returned items or refunded services is accurately recorded. This documentation is crucial for both businesses and consumers to maintain clear financial records and facilitate future transactions.

Other terms, such as credit report, credit risk assessment, and credit transaction, refer to different financial concepts and do not accurately describe a credit slip's function.