Difference Between Cash Memo And Cash Receipt
Cash Memo is prepared to show the proofs of b oth cash receipts a nd cas h payme nts w hile Cash Receipt is prepared to give o nly a n evidence of receipt of cas h from customers or other compa nies for t he goods delivered or services re ndered. T he cash memo provides a proof for cas h sales tra n sactio n s. The jour nal entry of Cash Sales of Rs. 5000 recorded is show n b elow: Cash a/c 5000 Sales a/c 5000 ...