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WAEC Financial Accounting 1994 Question 9

Question 9

Source Documents

When a buyer is undercharged, the seller forwards

  1. A.undercast note
  2. B.consignment invoice
  3. C.purchases invoice
  4. D.debit note
  5. E.credit note.
Show the answer and explanation

Answer: D (debit note)

Explanation

A debit note charges the buyer the extra amount.