Question :

A ‘credit note’ is sent by ________ to ________


A) Seller buyer
B) Buyer seller
C) Customer seller
D) Creditor seller

Answer : A

Description :


A credit note is a document sent by a seller to its buyer or, in other words, a vendor to the customer, notifying that a credit has been provided to their account against the goods returned by the buyer.


Related Questions - 1


Professionals usually maintain accounts as


A) Accounts with inventory
B) Accounts only
C) Normal accounting
D) Payroll accounting

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Related Questions - 2


A ________ serves the purpose of both journal and ledger accounts


A) Journal proper
B) Purchase day book
C) Cash book
D) Any of the above

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Related Questions - 3


A ______ is sent to a customer when he returns the goods


A) Debit note
B) Credit note
C) Proforma invoice
D) Bill

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Related Questions - 4


Predefined groups are also called as


A) Main group
B) Primary group
C) Statutory group
D) Parent group

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Related Questions - 5


Which option is used in Tally to close opened Company


A) Alter
B) Shut Company
C) Create Company
D) Select Company

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