WAEC Commerce 2011 Question 44

Question 44

Purchase and Sale of Goods

Which of the following pieces of information would be found in a typical debit note?

  1. A.Customer code
  2. B.Date of invoice
  3. C.Brief reason for the debit
  4. D.E & O.E
Show the answer and explanation

Answer: C (Brief reason for the debit)

Explanation

A debit note states why the buyer's account is being increased, e.g. an undercharge.