A business offers credit terms of 2/15, n/30. These terms indicate that: A. the total amount...
A business offers credit terms of 2/15, n/30. These terms indicate that:
A.
the total amount of the invoice must be paid within 15 days of the invoice date
B.
the buyer can take a 2% discount if the bill is paid within 30 days of the invoice date
C.
a discount of 2% can be taken if the invoice is paid within 15 days of the invoice date
D.
no discount is offered for early payment
Homework Answers
answer : C) A Discount of 2 % can be Taken if the invoice paid with in 15 Days of the invoice Date
Credit Terms
2/15 ,n/30
Credit Period = 30 Days
Discount on early payment = 2%
Discount will be given only if we pay with in 15 days
Add Answer to:
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