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

Commerce

JAMB 2017

A. debit note
B. proforma invoice
C. letter of credit
D. credit note

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Correct Answer: Option 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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When a buyer has been overcharged for goods supplied, the seller issues a _______?

Correct Answer: Option D

Explanation

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