Difference Between Cash Memo And Invoice - Distinguish

A cash memo is a document stating cash received for the goods sold Difference Between Cash Memo and Invoice - Distinguish 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.

A cash memo is a document stating cash received for the goods sold Difference Between Cash Memo and Invoice - Distinguish

A cash memo is a document stating cash received for the goods sold Difference Between Cash Memo and Invoice - Distinguish 2. When Issued?


Cash memo is issued in the case of a cash transaction.

Invoice is issued in the case of a credit transaction.


A cash memo is a document stating cash received for the goods sold Difference Between Cash Memo and Invoice - Distinguish 3. Proof ↓


Cash memo serves as an evidence of cash being paid by the buyer to the seller.

Invoice serves as an evidence of the indebtedness of the buyer to the seller.


A cash memo is a document stating cash received for the goods sold Difference Between Cash Memo and Invoice - Distinguish 4. Creditor Debtor Relationship ↓


Cash memo does not create creditor debtor relationship between the seller and the buyer.

Invoice creates creditor debtor relationship between the seller and the buyer.


A cash memo is a document stating cash received for the goods sold Difference Between Cash Memo and Invoice - Distinguish 5. Accounting Entry ↓


Cash memo is entered in the cash book of the seller.

Invoice is the basis for making entries in sales book and purchase book.


A cash memo is a document stating cash received for the goods sold Difference Between Cash Memo and Invoice - Distinguish 6. Revenue Stamp ↓


In case of Cash memo, one revenue stamp is to be affixed if the cash receipt exceeds Rs.500/- (In India).

In case of an Invoice, there is no need to affix a revenue stamp.

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