O-LevelCommerceWholesale trade7100/12 · Oct/Nov 2016 · Q141 Mark

Which circumstance requires the use of a credit note?

Aconfirming a customer's order

Bcorrecting an undercharge on an invoice

Crequesting payment from the buyer

Dreturning part of a consignment that was damaged

✓ Correct answer

D: returning part of a consignment that was damaged

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Topic: Wholesale trade, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2016 Paper 1 Variant 2, question 14.

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