WAEC - Commerce (1991 - No. 13)
If a seller discovers that he had under charged a buyer, which of the following documents will use to correct the error?
A promissory note
A credit book
An advice note
A debit note
A statement of account
Erläuterung
A debit note is a document issued by a seller to a buyer notifying them of their current debt obligations. It is sent to the buyer when there is an increase in the amount payable
When a debit note is issued to a customer, the company is sending a notice to the buyer to pay an additional amount due to an error that may have been committed at the point of charging for the good and service