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WAEC Financial Accounting 2003 Question 35

Question 35

Source Documents

Which of the following source documents is used for recording goods returned to suppliers?

  1. A.Invoice
  2. B.Waybill
  3. C.Debit note
  4. D.Credit note.
Show the answer and explanation

Answer: C (Debit note)

Explanation

The buyer sends a debit note when returning goods to a supplier.