🎴 Flashcard Mode
Accounting Vouchers - Meaning, Importance and Types
Card1 / 15
Mastered0
Review0
QuestionClick to flip
In technical term a cash memo is called a cash voucher.
AnswerClick to flip back
A
True
💡 Explanation:
A cash memo is prepared when goods are sold or purchased for cash, i.e. cash receipts and payments.
A cash voucher is prepared for cash purchases or sales. It serves as the source document to record entries in the cash book.
Both are Same.