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O-LevelCommerceFinance7100/12 · May/June 2025 · Q111 Mark

What do the letters E & OE on an invoice mean?

AIt means a buyer knows that the invoice is not a request for payment.
BIt means a guarantee to a buyer that the invoice is legal and correct.
CIt means a seller has the right to correct any mistakes on the invoice.
DIt means a seller has thoroughly checked the buyer's creditworthiness.

✓ Correct answer

C: It means a seller has the right to correct any mistakes on the invoice.

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About this question

Topic
Finance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, May/June 2025 Paper 1 Variant 2, question 11.

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