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Byju's Answer
Standard XII
Accountancy
Preparing CFS-Direct Method
In technical ...
Question
In technical term a cash memo is called a cash voucher.
A
True
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B
False
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Solution
The correct option is
A
True
A cash memo is prepared when goods are sold or purchased for cash, i.e. cash receipts and payments.
A cash voucher is prepared for cash purchases or sales. It serves as the source document to record entries in the cash book.
Both are Same.
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Similar questions
Q.
Select the most appropriate alternative.
Which document is prepared when the goods are sold on Credit
(a) Credit memo
(b) Cash memo
(c) Cash voucher
(d) Petty cash voucher
Q.
Cash memo is used for credit purchase/sale.
Q.
What is meant by a Cash Memo?
Q.
A cash memo is prepared and issued by__________.
Q.
Insisting on a cash memo from a seller is consumer's ____ .
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