write a short note on
1 cash memo
2 invoice
3 receipt
4 cheque
Answers
Answer:
deposit in a Bank offers the customer the facility of issuing cheques. A cheque is a paper instructing the bank to pay a specific amount from the person's account to the person in whose name the cheque has been made. The recipient of the cheque can deposit it in his own account in his bank. The money is transferred from one bank account to another bank account in a couple of days. The transaction is complete without any payment of cash. This is a safe mode of transferring money avoiding the possibility of any theft.
Answer:
Explanation:
1. cash memo
A document issued by a trader for cash purchases is known as cash memo. Cash memo is often referred as a paid bill for cash sales. It is a document stating cash received for the goods sold. Documents issued for purchased goods for cash is known as cash memo.
2. invoice
An invoice is a document given to the buyer by the seller to collect payment. It includes the cost of the products purchased or services rendered to the buyer.
3. receipt
Receipts are issued in many different scenarios to have a written record of what has happened. The most common receipts are sales receipts.
4. cheque
A Cheque is a document which orders a bank to pay a particular amount of money from a person's account to another individual's or company's account in whose name the cheque has been made or issued.