Credit terms of 1/10, n/30 means that:
A)payment in full is due 10 days after date of the invoice.
B)a 1% discount may be taken for up to 30 days.
C)if the invoice is paid within 10 days of its date, a 1% discount may be taken; otherwise the total amount is due in 20 days.
D)if the invoice is paid within 10 days of its date, a 1% discount may be taken; otherwise the total amount is due in 30 days.

Question

Quizplus · Accepted Answer

Credit terms of 1/10, n/30 mean that if the invoice is paid within 10 days of its date, a 1% discount may be taken; otherwise, the total amount is due in 30 days.

Credit Terms of 1/10, N/30 Means That