general Vs memorandum a/c

Memorandum A/c is just like normal account prepared for ascertaining missing figure. For example, you have opg. bal. of debtors, credit sales and clg. bal. of debtor, and you want to know cash received, you prepare memorandum debtor A/c.

Memorandum Accounts doesn't contribute part of the Financial accounting..It is just prepared for our own calculation purpose. Further I am agreed with Manish