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Answered

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X buys goods on credit from Y. what is the name for the document used by X to settle the liability to Y?
A. Cheque
B. Credit note
C. Receipt
D. Statement of account

Correct answers will be mark as BRAINLIEST​

Sagot :

Credit note

  • X buys goods from Y
  • here X is buying means debiting
  • Y is getting means crediting
  • So Y should take credit note and X should take receipt

Option B

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Answer:

b) Credit note

Explanation:

Credit note is the name for the document used by X to settle the liability to Y. Hence, option (b) is the correct answer.

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