Accounting for IGCSE & O level - Accounting Procedures (Section 3 - No. 40)
What is the purpose of a Credit Note?
To request payment from a customer.
To record a decrease in the amount owed by a customer.
To record a purchase from a supplier.
To make a cash payment to a supplier.
Explanation
A credit note decreases the amount the customer owes.
Comments (0)
