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Meaning of cash memo

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Meaning of cash memo

Posted by V Dabhare 8 years, 6 months ago

CBSE > Class 11 > Accountancy

1 answers

Sahdev Sharma 8 years, 6 months ago

Cash Memo is also a non-negotiable commercial instrument indicating, the cash has been received from the purchaser for the goods sold to him. It works as a proof of cash payment made. When the cash is received for the sold goods, no debit is raised against it. The cash memo contains the following description:

Date
Serial Number
Name and address of supplier
Name and address of buyer
Unit price of goods
Quantity
Discount (if any, both for trade and cash discount)
Tax (VAT or Service tax as the case may be)
Total Amount Received
Signature of the cashier.

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