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Meaning of cash memo |
| Answer» 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:\tDate\tSerial Number\tName and address of supplier\tName and address of buyer\tUnit price of goods\tQuantity\tDiscount (if any, both for trade and cash discount)\tTax (VAT or Service tax as the case may be)\tTotal Amount Received\tSignature of the cashier. | |