Debtors Creditors Quiz
Accounting Quiz / Debtors Creditors Account
ABC Firm return goods to the supplier (Creditor). What will ABC Firm send to that supplier as per this event ?
A) A Debit Note
B) A Credit Note
C) A Cheque
Debtors Creditors Quiz Explained
When a firm return goods to its suppliers, it will send a debit note, as the returned goods have reduced the payables amount.
The correct answer to this accounting quiz is A) Debit Note