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Question
__________ document is prepared when the goods are sold on credit.
__________ document is prepared when the goods are sold on credit.
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Solution
The correct option is A Credit memo
A credit memo is document issued by the supplier when goods are purchased on credit. It is similar to an invoice, A petty cash voucher is issued when the payments are issued from the petty cash fund. A petty cash fund is created to meet expenditures of small amount on daily basis.
A credit memo is document issued by the supplier when goods are purchased on credit. It is similar to an invoice,
A petty cash voucher is issued when the payments are issued from the petty cash fund. A petty cash fund is created to meet expenditures of small amount on daily basis.
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