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WAEC Financial Accounting 2018 Question 6

Question 6

Source Documents

A document forwarded to a supplier showing amount due for unsatisfactory goods is

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

Answer: A (Debit Note.)

Explanation

The buyer sends a debit note to the supplier claiming the allowance for the faulty goods.