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O-LevelCommerceCredit7100/12 · Oct/Nov 2014 · Q121 Mark

What is a purpose of a credit note?

Ato decrease the amount owing on the invoice
Bto give details of goods returned to the supplier
Cto remind customers of the amount due
Dto show packing cases have been purchased

✓ Correct answer

B: to give details of goods returned to the supplier

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About this question

Topic
Credit, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, Oct/Nov 2014 Paper 1 Variant 2, question 12.

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