Status enquiry is necessary when?

A. goods are ordered from a mail-order firm B. money is withdrawn from a fixed deposit account C. granting credit to a new customer D. goods are produced according to specification Correct Answer: Option C – granting credit to a new...

What is the purpose of a debit note? To

A. reduce the credit in the buyer’s account B. reduce the debit charged to an invoice C. compensate for damaged goods returned D. allow for the rebate Correct Answer: Option A – reduce the credit in the buyer’s...

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