A

Admin • 831.35K Points
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Q. The term 'credit note' is used in relation to:

  • (A) Purchase returns
  • (B) Sales returns
  • (C) Credit purchases
  • (D) Cash receipts
  • Correct Answer - Option(B)
  • Views: 12
  • Filed under category Accounting
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Explanation by: Admin
A credit note is issued to a customer when goods are returned (sales return).

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