What Do Credit Terms of 2/10, N/30 Indicate

question 154

Multiple Choice

What do credit terms of 2/10, n/30 indicate?

• A) Two percent discount for early payment is available if the invoice is paid before the tenth day of the month following the month the sale.
• B) Two percent discount for early payment is available within ten days of the invoice date.
• C) Ten percent discount for early payment is available if the invoice is paid within two days of the date of the invoice.
• D) Two percent discount for early payment is available if the invoice is paid after the tenth day, but before the thirtieth day of the invoice date.

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