Question

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

Answer 1

Explanation:

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. It includes details of the party, quantity, rate and total amount of goods sold, along with the date of transaction.

Answer 2

Answer:

Credit memo..read below

Explanation:

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. It includes details of the party, quantity, rate and total amount of goods sold, along with the date of transaction.

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