Accounting JAMB

When the invoice of a customer is overcast; the supplier will send to him a?

A. debit note
B. cheque
C. credit note
D. payment voucher

Correct Answer:

Option C – credit note

Explanation

A credit note is a letter sent by the supplier to the customer notifying the customer that he or she has been credited a certain amount due to an error in the original invoice or other reasons.

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