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Bola, UTC's regular customer, owed #1000 on account of a radio bought. If he sent ...

Bola, UTC's regular customer, owed #1000 on account of a radio bought. If he sent in a cheque for #500, UTC would send him a
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Way bill.
  • B Credit note
  • C Debit note
  • D Journal voucher
Correct Answer: Option B
Explanation:
A credit note is issued to acknowledge reduction in the amount owed by a customer.

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