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WAEC Commerce 2021 Question 19

Question 19

Purchase and Sale of Goods

An error on an invoice may be rectified by issuing

  1. A.an advice note.
  2. B.a consignment note.
  3. C.a credit note.
  4. D.a delivery note.
Show the answer and explanation

Answer: C (a credit note.)

Explanation

A credit note corrects an overcharge on an invoice (or allows for goods returned), reducing what the buyer owes.