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

CFA L1

★ 2K+

15-Feb-21 14:45

2K+

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

Admin

15-Feb-21 14:54

It is created to know the closing stock

ruchi lahoti

CA Inter

★ 27K+

15-Feb-21 14:52