which of the following would require a cash receipt
a.credit memo
b.purchase order
c.check
d.refund
my answer is b
No. What happens when ;you get a refund?
so the aswer is c
Did you read what Bobpursley posted? Which of these four involves CASH?
so a it is
Do you know what "cash" means?
http://www.answers.com/topic/cash
See definition #1.
To determine which of the options would require a cash receipt, let's understand what each option means:
a) Credit memo: A credit memo is issued by a seller to grant a customer a reduction in the amount owed or to issue a refund/reimbursement. This document is typically used to adjust an existing invoice or account balance.
b) Purchase order: A purchase order is a commercial document issued by a buyer to a seller, indicating the types, quantities, and agreed prices for products or services that the buyer wishes to purchase.
c) Check: A check is a written, dated, and signed document that orders a bank to pay a specific amount of money to a person or entity from the account holder's funds.
d) Refund: A refund is the repayment of money previously received or paid out. It typically involves returning the funds to the customer who made a prior payment.
Out of these options, the correct answer for requiring a cash receipt is:
c) Check
A check serves as a proof of payment and is issued by the payer to the payee, indicating the specific amount to be paid. When the payee receives the check, they would deposit it into their bank account, and the bank statement or deposit slip would serve as the cash receipt.
Therefore, the correct answer is not option (b) but option (c), as a cash receipt is typically obtained when payment is made through a check.