A business in Singapore issued the following document to a customer:

Document No: CN-0847
Date: 15 March 2024
Reason: Goods returned damaged
Amount: $340

What type of source document is this?

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Question

A business in Singapore issued the following document to a customer:

Document No: CN-0847
Date: 15 March 2024
Reason: Goods returned damaged
Amount: $340

What type of source document is this?

Accepted Answer

Credit note — Award 1 mark for identifying a credit note issued when goods are returned by a customer. A is incorrect — a debit note is sent to a supplier when returning goods. B is incorrect — a sales invoice records goods sold, not returned. D is incorrect — a goods received note records goods received into the business.

Answer

Sales invoice

Answer

Credit note

Answer

Debit note

Answer

Goods received note

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