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WAEC Commerce 1991 (August) Question 13

Question 13

Purchase and Sale of Goods

If a seller discovers that he had undercharged a buyer, which of the following documents will he use to correct the error?

  1. A.A promissory note
  2. B.A credit note
  3. C.An advice note
  4. D.A debit note
  5. E.A statement of account
Show the answer and explanation

Answer: D (A debit note)

Explanation

A debit note increases the amount the buyer owes, correcting an undercharge.