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JAMB Commerce 2006 Question 47

Question 47

Purchase and Sale of Goods

The documents used in the purchase and sale of goods which contain other terms of trade are

  1. A.debit note and credit note
  2. B.delivery note and advice note
  3. C.invoice and order
  4. D.quotation and invoice.
Show the answer and explanation

Answer: C (invoice and order)

Explanation

The buyer's order and the seller's invoice state the goods, prices and terms of trade such as discounts and payment.