WAEC Commerce 2001 Question 7

Question 7

Purchase and Sale of Goods

Which of the following is most appropriate for a "Cash with Order" terms of sale?

  1. A.Proforma invoice
  2. B.Credit note
  3. C.Debit note
  4. D.Consignment note
Show the answer and explanation

Answer: A (Proforma invoice)

Explanation

A pro-forma invoice is sent so the buyer can pay before the goods are sent.