WAEC Commerce 2013 Objective — Question 1

Question 1 of 50 from the West African Examinations Council (WAEC) Commerce 2013 Objective paper, with the correct answer and a full explanation.

A document used as a polite way of refusing credit is

A. advice note
B. quotation
C. proforma invoiceCorrect
D. invoice

Explanation

A proforma invoice is a document that shows the prices and total amount which a prospective buyer is expected to send before delivery of goods can take place — it can be used as a polite way of refusing credit.

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