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WAEC Financial Accounting 2000 Question 21

Question 21

Source Documents

When a buyer is under-charged, the seller forwards

  1. A.a debit note
  2. B.a credit note
  3. C.an undercast note
  4. D.a payment receipt
Show the answer and explanation

Answer: A (a debit note)

Explanation

A debit note tells the buyer his account has been debited with the extra amount.