Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 33 - No. 24)
Which of the following statements are true about the use of credit notes?
Credit notes are issued by the seller.
Credit notes reduce the amount owed by the customer.
Credit notes are only for sales returns.
Credit notes result in an increase in sales.
Explanation
Credit notes are issued by the seller to show an adjustment on the customer's account.
Comments (0)
