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

Asked by Topperlearning User 16th June 2016, 2:22 PM
Answered by 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 Expert 16th June 2016, 4:22 PM
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