When the invoice of a customer is overcast, the supplier will send to him a
A. Cheque B. Payment voucher C. Debit note D. Credit note
Correct Answer: D
Explanation
Overcasting is when the estimated value turns out to be above the realized value. A credit note is a letter sent by the supplier to the customer notifying the customer that he or she has been credited a certain amount due to an error in the original invoice or other reasons. A credit note is issued when a customer pays an amount above the real amount due to an error in the sales invoice that overstated the said amount to be paid.