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What is the meaning of Memorandum Trading A/c?

Accountancy

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


Kishore Anil

Kishore Anil

CA Inter

2K+

15-Feb-21 14:45

856

Answers (2)

Best Answer

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


CA Suraj Lakhotia

CA Suraj Lakhotia

Admin

15-Feb-21 14:54

It is created to know the closing stock


ruchi lahoti

ruchi lahoti

CA Inter

27K+

15-Feb-21 14:52

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