PRC-1 · Chapter 2 · Question 59 of 100
'Luminous Merchants' returns defective goods to a credit supplier. Which internal document does 'Luminous' issue to the supplier to formally request a reduction in the amount owed?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Debit note
Explanation
When returning goods to a supplier, the buyer issues a debit note to notify the supplier of the return and request a reduction in liability. The supplier responds by sending a credit note.
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