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JAMB Commerce 1995 Question 23

Question 23

Purchase and Sale of Goods

Which of the following gives the correct order in which the listed documents are used?

  1. A.debit note, order, delivery note, invoice and statement
  2. B.order, delivery note, invoice, debit note, statement
  3. C.statement, order, invoice, delivery note and debit note
  4. D.invoice, order, statement, debit note and delivery note.
Show the answer and explanation

Answer: B (order, delivery note, invoice, debit note, statement)

Explanation

The buyer first sends an order; goods come with a delivery note, then the invoice, any debit note for undercharges, and finally the statement of account.