Credit terms of 1/10,n/30 mean 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

The terms 1/10, n/30 mean that a 1% discount is available if the invoice is paid within 10 days; otherwise, the full amount is due in 30 days.

Credit Terms of 1/10,n/30 Mean That