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Journal for Purchase and Sale

What is meant...

Question

What is meant by a Cash Memo?

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Solution

A seller prepares a cash memo when goods are sold against cash. Cash memo contains details of goods sold, quantity and rate of each item.

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Q. Long Answer Questions.
What do you mean by the Cash Memo and Credit Memo?

Q. In technical term a cash memo is called a cash voucher.

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

What is meant by cash equivalents?

Q. A cash memo is prepared and issued by__________.

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