Question

Document that is sent by the seller to a potential customer offering to sell goods or
services at a certain price is known as: a) Debit note b) Credit note c) Quotation d)
Accounts Payable

Answer 1

Answer:

C) Quotation (usally used for goverment terms but generally also used in trade too)

Explanation:

Answer 2

Answer:

The correct answer to the given question is option (c) quotation

Explanation:

The quotation is that piece of document which contains a specific price and a fixed period of time to pay that price. This quotation is generally quoted by the seller to the customer and on accepting this quotation, the customer gets bound to the seller to pay the price mentioned.

The quotation is used in both senses, for the fixed price as well as for the document in which the price and fixed period of time is mentioned.