Which of the Following Is Correct Concerning Terms of Trade

question 94

Multiple Choice

Which of the following is correct concerning terms of trade credit of 4/10, EOM, net 90?

• A)The discount period expires on the last day of the month.
• B)The invoice becomes delinquent 90 days after the last day of the month.
• C)The discount period ends on the tenth day of the month following the invoice.
• D)The discount period ends either 10 days after invoicing or at the end of the month, whichever is earlier.

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Definitions:

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