A debit note is issued by the buyer to the seller when:
Business Documents

Quiz
•
Business
•
9th - 12th Grade
•
Medium
Rakesh Kabra
Used 5+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Goods are returned to the seller due to defects
Payment for goods has been made
Goods are delivered to the buyer
Goods are ordered from the seller
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main purpose of a credit note?
To confirm payment of an invoice
To request payment for goods delivered
To acknowledge an order received
To reduce the amount payable by the buyer
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which document serves as proof that payment has been made by the buyer to the seller?
Quotation
Receipt
Invoice
Credit note
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a statement of account typically show?
A single invoice for goods sold
A summary of all goods returned by the buyer
The details of all transactions between the buyer and the seller over a period
The delivery schedule for goods ordered
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which document might a buyer issue if they notice an error on an invoice?
Delivery note
Credit note
Debit note
Quotation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a business sells goods worth $2,500 with a 5% trade discount on the invoice, what is the total amount the customer will pay?
$2,500
$2,375
$2,650
$2,450
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A business receives a debit note from a supplier for damaged goods worth $300. If the original invoice amount was $1,200, what is the new total amount payable after the debit note?
$1,200
$900
$1,500
$1,800
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