When an importer has been overcharged for goods supplied, the exporter issues him with a?

A. debit note
B. proforma invoice
C. letter of credit
D. credit note

Correct Answer: Option D

D. 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. A credit note is also known as a credit memo, which is short for “credit memorandum.”