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A credit note is sent by a business firm to a debtor in response to some goods returned by the debtor back to the business firm.
Particulars of a credit note include;
- Business name and address of the transacting parties.
- Date.
- Credit note number.
- Amount to be refunded.
- Reason for goods returned. (Sales Returns)
Kavungya answered the question on August 17, 2021 at 07:59
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Machinery 150,000
Motor Vehicle 260,600
Stock 105,000
Accounts receivable 155,700
Bank 90,000
Cash 34,000
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