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When The Invoice Of A Customer Is Overcast, The Supplier Will Send It To Him? - Erudites Academy

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

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.