A Customer returning the goods purchased on credit, may inform the seller by sending _______________.

Debit Note

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Credit Note

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Court Notice

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Return Invoice

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Solution

The correct option is A Debit Note
A debit note is a document used by a vendor to inform the buyer of current debt obligations, or a document created by a buyer when returning goods received on credit. The debit note can provide information regarding an upcoming invoice, or may serve as a reminder for funds currently due.

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Similar questions

Q. When goods are returned by buyer to seller, supplier sends a credit note.

When a buyer returns goods to the seller, he sends a _______ as intimation to the seller of the amount and quantity being returned and requesting the return of money. Whereas when a Seller receives goods (returned) from the buyer, he prepares and sends a _______ as intimation to the buyer showing that the money for the related goods is being returned in the form of a credit note.

Q. Return of goods by a customer should be debited to __________.

Q. When a customer returns goods a statement called " ________" is sent to him. This informs the customer that his account has been credited to the extent of value of the goods returned.

Mention any 3 situations under which a seller and a buyer may send a debit note.

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