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What is demand bill? And what …

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What is demand bill? And what is cash Memo?

Posted by Sita Kadian 9 years ago

CBSE > Class 11 > Accountancy

1 answers

Naveen Sharma 9 years ago

Ans. Demand bill is a bill of exchange which must be paid when payment is asked for.

Cash Memo is a document that a seller passes to a buyer at the time of a specific purchase of goods or services. It is the equivalent of an invoice and is only used to record transactions that are paid for using cash, rather than bank transactions or checks.

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