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WAEC Commerce 1991 (August) Question 88

Question 88

Purchase and Sale of Goods

Terms of payments are quoted on the

  1. A.order form
  2. B.a device note
  3. C.credit note
  4. D.debit note
  5. E.invoice
Show the answer and explanation

Answer: E (invoice)

Explanation

The invoice states the amount due and terms of payment, e.g. 2½% one month.