Question

Rohan has returned goods worth Rs20,000 to Radheyshyam as he found it defective.Which document will be prepared by Radheyshyam? *
1 point
Invoice/Bill
Debit note
Credit Note
Credit Voucher

Answer 1

Answer:

credit voucher

Explanation:

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Answer 2

Rohan has returned goods worth Rs 20,000 to Radheyshyam as he found them defective.

• The document that Radheshyam will prepare = Credit note. [The document that Rohan will prepare = Debit note]
• Credit note is issued in the case of occurrence of a return of funds in the case of incorrect or damaged products, cancellation of purchase or invoice errors.
• Invoice is a document that acts as a record of a transaction. Since no transactions have occurred here, it is incorrect.
• Credit voucher is a document that records cash and cheque payments. Since no payments have been made, it is incorrect.
• Debit note is a document that is evidence of the occurrence of a reduction in expenses. Since no reduction in expenses has occurred for Radheshyam, it is incorrect.

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