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Friday, 15 April 2011

Difference Between Cash Memo and Invoice - Distinguish

Posted on 23:06 by Unknown
1. Meaning ↓
A cash memo is a document stating cash received for the goods sold. It is a paid bill for cash sales.An invoice is a document showing the amount due from the buyer or the debtor it is a bill for credit sale. 2. When Issued?
Cash memo is issued in the case of a cash transaction.Invoice is issued in the case of a credit transaction.
3. Proof ↓
Cash memo serves as an evidence of cash
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