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Question
A cash memo is prepared and issued by__________.
A cash memo is prepared and issued by__________.
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Solution
The correct option is B Seller
A cash memo is prepared by the seller when the goods are sold for cash. The cash memo is similar to an invoice, only difference being invoice is issued for credit sale and cash memo for cash sales.
A cash memo is prepared by the seller when the goods are sold for cash. The cash memo is similar to an invoice, only difference being invoice is issued for credit sale and cash memo for cash sales.
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