when an importer has been overcharged for goods supplied, the exporter issues him with a?...
COMMERCE
WAEC 2016
when an importer has been overcharged for goods supplied, the exporter issues him with a?
- A. debit note
- B. preforma invoice
- C. letter of credit
- D. credit note
Correct Answer: D. credit note
Explanation
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. A credit note is also known as a credit memo, which is short for credit memorandum.
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