Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 2 - No. 14)
What is a credit note?
A document issued by a supplier to notify a customer of a lower amount to be paid.
A document used when a supplier has charged a customer too little.
A document used when goods are returned.
A request from the customer for goods.
Explanation
A credit note is issued when a customer has been overcharged or returned goods.
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