Explain cash memo in accounting terms and prepare a specimen of it.

Asked by Topperlearning User | 16th Jun, 2016, 02:22: PM

Expert Answer:

When a trader sells goods for cash to a purchaser, she/he gives a cash memo which is also known as a bill of sale. It is a written document which contains details of the product, quantity, date and its price.

  

Answered by  | 16th Jun, 2016, 04:22: PM