Memorandum account
This query is : Resolved
18 November 2013
what is difference between a memorandum account and a simple account
18 November 2013
memorandum account are notional accounts and don't form part of the books. memorandum accounts are often opened for reconciliation purposes.
whereas normal/simple account is any other account forming part of the books.
whereas normal/simple account is any other account forming part of the books.
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