Question 44
Purchase and Sale of GoodsWhich of the following pieces of information would be found in a typical debit note?
- A.Customer code
- B.Date of invoice
- C.Brief reason for the debit
- 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.