When the invoice of a customer is overcast, the supplier ...
When the invoice of a customer is overcast, the supplier will send to him a
Debit note
Cheque
Credit note
Payment voucher
Correct answer is C
A 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.
The journal entries for the purchase of stock on credit are to debit? ...
Statement of assets and liabilities as at 31st December, 2001. Shareholders' interest N240 Curre...
The amount of subscriptions accrued is reported in the balance sheet under ...
Which of the following is not the purpose of a control account? ...
Use the following information to answer the given question: \(\begin{array}{c|c} \text{Date of de...
The entries for cash drawn from the bank by a proprietor for the private use is: debit ...
Which of the following brings a company into legal existence? ...