WAEC - Accounts Principles Of Accounts (2015 - No. 15)

When the invoice of a customer is overcast, the supplier will send to him a
Cheque
Payment voucher
Debit note
Credit note

Explanation

Overcasting is when the estimated value turns out to be above the realized value.

credit note is a letter sent by the supplier to the customer notifying the customer that he or she has been credited a certain amount due to an error in the original invoice or other reasons. A credit note is issued when a customer pays an amount above the real amount due to an error in the sales invoice that overstated the said amount to be paid.

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