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 Form 4 Business Studies lessons: Source documents and books of original entry

Reasons why credit note is issued.

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Answer Text:
Reasons why credit note is issued.
a) When an item in the invoice is overcharged.
b) When goods are returned by the buyers to the business.
c) When a wrong item is charged in the invoice.
d) When there is arithmetic error that leads to overcast in the invoice.
e) When greater quantities than what was ordered is invoiced.


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