Credit terms of 2/10, n/30 indicate that a 2% discount may be taken if the invoice is paid within 10 days, but the total invoice amount is due if paid on the 11th to the 30th day after the invoice date.

Question

Quizplus · Accepted Answer

The credit terms "2/10, n/30" mean a 2% discount is available if payment is made within 10 days, otherwise, the net (full) amount is due within 30 days.

Credit Terms of 2/10, N/30 Indicate That a 2% Discount