Question

2. A source document is prepared by the seller of goods on credit is known as
a) Receipt
c) Cash Memo
b) Pay-in-slip
d) Invoice

Answer 1

Answer:

When goods are sold on credit, a credit memo is prepared by the seller, who records therein details of the goods sold. It is also known as an invoice or a bill.

Explanation:

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Answer 2

Answer:

A source document is prepared by the seller of goods on credit is known as

Invoice