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WAEC Financial Accounting 2006 Question 14

Question 14

Source Documents

A customer who returns goods to the supplier because they are defective is issued a

  1. A.debit note
  2. B.credit note
  3. C.delivery note
  4. D.bank note.
Show the answer and explanation

Answer: B (credit note)

Explanation

The supplier sends a credit note for goods returned.