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Questions and Answers
True or false: Cash memo is suitable for all businesses, regardless of their size?
False
True or false: Cash memo always carries the signature of a responsible person?
True
True or false: Bank transactions are not as good as cash transactions for businesses?
False
True or false: Cash memo is a computerized process that requires a separate system?
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True or false: It is easy to manipulate transactions made via cash memo?
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True or false: A cash memo is only suitable for small businesses with low and recurring sales volume?
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True or false: Cash memo transactions are always legally valid and accounted for?
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True or false: Cash memo is a complex and ineffective system for day-to-day transactions?
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Public sector or nationalised banks of India. Example :SBI, Union Bank of India Foreign Banks. Example: American Express, National Australia Bank Private sector banks. Example: HDFC,ICICI etc. Regional Rural Banks. ______ Grameen Bank
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