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WAEC Commerce 1997 Question 92

Question 92

Purchase and Sale of Goods

The document which gives the current price and terms of trade of a product is called

  1. A.a letter of credit
  2. B.an invoice
  3. C.an advice note
  4. D.a consignment note
  5. E.an order form
Show the answer and explanation

Answer: B (an invoice)

Explanation

An invoice states the goods, their prices and the terms of sale.