what is cash memo? and how it could be differentiated from
tax invoice?

Answer Posted / pranam mazumdar

Cash memo is prepared by the seller when he sells goods against cash.It has details of goods sold,quantity,rate of each item and the total amount received,besides the date of transaction and other terms and conditions,if any.It is an evidence for the purchaser for, goods purchased against cash.and for the enterprise,it is an evidence of sales for cash.

Is This Answer Correct ?    6 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.

963


Questions asked for the post of Manager (Finance) in a Public Sector company Subject of group discussions for the post of Manager (Finance) in a Public Sector company

1683


what are the differences between Tally and Focus?

7388


what is Calculation of Depreciation for 4 to 5 Years?

1717


what is the main difference between nse & bse operations

1532






Dear Friends, Please help me with the below, I am new to the current company and newly accountant. My question is, In Balance sheet, Cash in Drawer is showing excess amount and I could not tally it with sales. Please guide me how do I need to tally CASH IN DRAWER? I don't want to reconcile. I only want to tally. Please help. Thanks in advance.

2672


What Kind Of Requirements for Vat Refund And Assessment Cases

1325


What do we mean by the term "Securities" when we say that "Govt injecting/sucking liquidity in/out of the system by buying/selling securities?

1639


You configured new assets accounting for your company code with three depreciation areas that post in real time. When posting an external acquisition. How many documents are created?( any 1 answer) 2 3 4 6

1560


Tell me the steps for Import and Export Thanks

1473


Pls Give me Solution for me. Bcz i m persuing b.a iii But now i m working in accounts . So what i do In future .

1729


How Frequently shall a company file the service tax returns and how frequently shall a company pay the service tax to the Government ?

1430


What type of question generally asked in Brokerage Firm ?

2384


what is the difference between planned and non planned budgt

1546


what is meant by cash purchase?

900