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WAEC Commerce 1995 Question 26

Question 26

Purchase and Sale of Goods

Which of the following documents is used when goods are sent on approval?

  1. A.Catalogue
  2. B.Delivery note
  3. C.Receipt
  4. D.Advice note
  5. E.Pro forma invoice
Show the answer and explanation

Answer: E (Pro forma invoice)

Explanation

Goods sent on approval go with a pro forma invoice, which becomes a true invoice only if the buyer keeps them.