- 1 Marks
Question
Which of the following source documents is received from a supplier of goods in relation to goods returned by a customer?
A. Returned invoice
B. Return inward note
C. Credit note
D. Debit note
E. Return outward note
Answer
C. Credit note
Explanation: A credit note is issued by the supplier when goods are returned by the customer. It serves as a document to reverse the original invoice for the goods returned, reflecting that the customer no longer owes payment for those items. The credit note decreases the amount owed by the customer.
- Tags: Credit Note, Return Inwards, Source Documents
- Level: Level 1
- Uploader: Theophilus