Ask Question
2 February, 03:21

The credit terms offered to a customer by a business firm are 2/10, n/30, which means that

A.

the customer can deduct a 2% discount if the bill is paid between the 10th and 30th day from the invoice date.

B.

two sales returns can be made within 10 days of the invoice date and no returns thereafter.

C.

the customer must pay the bill within 10 days.

D.

the customer can deduct a 2% discount if the bill is paid within 10 days of the invoice date.

+4
Answers (1)
  1. 2 February, 06:51
    0
    D. the customer can deduct a 2% discount if the bill is paid within 10 days of the invoice date.

    Explanation:

    The credit terms offered to a customer by a business firm are 2/10, n/30, which means that the customer can deduct a 2% discount if the bill is paid within 10 days of the invoice date.

    2/10 net 30, credit term can be defined as the trade credit in which clients can chose to either deduct a 2 percent discount for payment to a supplier within 10 days, or pay the full amount of their accounts payable in 30 days.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The credit terms offered to a customer by a business firm are 2/10, n/30, which means that A. the customer can deduct a 2% discount if the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers