When a buyer has been overcharged for goods supplied, the seller issues a _______?

Commerce JAMB 2017

When a buyer has been overcharged for goods supplied, the seller issues a _______?

  • debit note
  • proforma invoice
  • letter of credit
  • credit note checkmark

The correct answer is: D

Explanation

A seller receives goods (returned) from the buyer, he prepares and sends a credit note as an intimation to the buyer, showing that the money for the related goods is being returned in form of a credit note
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