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wHAT IS DIFFERANCE BETWEEN RETAIL INVOICE & CASH MEMO?
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Answer Posted / sushmi
in a practical sense when we purchase something from a shop
keeper by cash the receipt which we receive from him is
known as cash memo and we purchase the samething in credit
is known as retail invoice.
| Is This Answer Correct ? | 25 Yes | 4 No |
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adams a debtor for R600 had been declared insolvent and part of his debts has to be written off. The attorneys informed you that an amount of 25c in the rand will be paid and the rest must be written off
in our co we are sales of good to branch in order sales+fright, branch made jv entry in own book as full amount debit and credit. now our book show sales without freight but branch shows including freight that why differences is arise due to wrong entry passes pls clarify this entry and this entry is done last year book now balance is finalize.
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