What is the meaning of Memorandum Trading A/c?

Is it created only for insurance claim during loss of stock/loss of profit?

Kishore Anil

CA Inter

★ 395

15-Feb-21 14:45

Answers (2)

Best Answer

Memorandum is something which does not form part of regular books. So it can be prepared for any purpose.

Suraj Lakhotia

Admin

15-Feb-21 14:54

It is created to know the closing stock

ruchi lahoti

Moderator

15-Feb-21 14:52

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