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.
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Q34: Freight in should be added to the
Q35: In a perpetual inventory system,the entry to
Q36: Credit terms of 2/10,n/30 mean that the
Q37: FOB Destination means that the:
A)seller normally pays
Q38: Using the perpetual inventory system,discounts taken on
Q40: Which of the following means that the
Q42: From the following details,calculate net sales
Q43: Which of the following defines Gross profit?
A)Sales
Q44: Which of the following is GENERALLY the
Q89: Gross profit is equal to Sales revenue
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