The Credit Term of "N/30" Means That the Net Amount

question 62

True/False

The credit term of "n/30" means that the net amount of the invoice, less any returns or allowances, is due within 30 days of the date of the invoice.

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Definitions:

Monoclonal Antibodies

Identical antibody molecules produced by cells cloned from a single cell.

Smooth Muscle

A type of muscle tissue which is not under conscious control, found in walls of internal organs such as the stomach and intestines.

Immunoglobins

Proteins produced by the immune system to identify and neutralize foreign objects such as bacteria and viruses.

Allergic Reactions

Immune system responses to a normally harmless substance, ranging from mild symptoms like itching or sneezing to severe conditions like anaphylaxis.