The document that is used to acknowledge the acceptance of the return of goods by the seller from the buyer is known as ____
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
Correct Answer: Option A
Explanation:
A credit note is a document issued by a seller to a buyer to acknowledge that goods have been returned. It indicates that the buyer’s account has been credited (i.e., reduced), either for a refund or for future purchases.
This document is typically issued:
When goods are damaged, incorrect, or excess.
To adjust the buyer’s outstanding balance.
A credit note is a document issued by a seller to a buyer to acknowledge that goods have been returned. It indicates that the buyer’s account has been credited (i.e., reduced), either for a refund or for future purchases.
This document is typically issued:
When goods are damaged, incorrect, or excess.
To adjust the buyer’s outstanding balance.