A. Cheque
B. Payment voucher
C. Debit note
D. Credit note

Correct Answer: Option D

D. Credit note

Explanation

Overcasting is when the estimated value turns out to be above the realized value.

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 issued when a customer pays an amount above the real amount due to an error in the sales invoice that overstated the said amount to be paid.

SEE ALSO  Dividend per ordinary share is?

Copyright warnings! Do not copy.