An Invoice Marked 3/12 Net 30 Means That You Can

question 2

True/False

An invoice marked 3/12 net 30 means that you can take a 3% discount if you pay the bill in 12 days but you must pay the entire balance in 30 days.

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Definitions:

Limited Liability Partnership

is a partnership in which some or all partners have limited liabilities, protecting each partner's personal assets from debts and liabilities of the partnership.

Professional Partnership

A business organization formed by two or more professionals, such as lawyers or doctors, to provide services within their expertise.

Officers

Individuals appointed or elected to manage and direct the affairs of an organization, corporation, or governmental entity.

Members of the Board

Individuals elected or appointed to oversee the activities and governance of a company or organization, making strategic decisions.