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WAEC Commerce 2023 Question 24

Question 24

Purchase and Sale of Goods

When a seller wishes to be paid before supplying goods, he would send the buyer a

  1. A.consular invoice.
  2. B.consignment note.
  3. C.credit note.
  4. D.proforma invoice.
Show the answer and explanation

Answer: D (proforma invoice.)

Explanation

A proforma invoice looks like an invoice but is sent before delivery, e.g. to ask for payment in advance (cash with order).