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WAEC Commerce 2013 Question 1

Question 1

Purchase and Sale of Goods

A document used as a polite way of refusing credit is

  1. A.advice note.
  2. B.quotation.
  3. C.proforma invoice.
  4. D.invoice.
Show the answer and explanation

Answer: C (proforma invoice.)

Explanation

A proforma invoice asks for payment before the goods are sent, politely refusing credit.