In UK accounting, a credit note is issued to

In UK accounting, a credit note is issued to

In UK accounting, a credit note is issued to:

A. Increase the amount owed by a customer

B. Reduce the amount owed by a customer

C. Demand immediate payment

D. Record a cash sale

Answer: B

Explanation: A credit note is issued to correct an overcharge, for returned goods, or to grant a discount, reducing the amount a customer is required to pay.