Credit terms of n/15, EOM means that
A) if the bill is paid by the end of the month, a discount will be granted.
B) the bill is due 15 days before the end of the month.
C) if the bill is paid 10 days after the end of the month, a discount is allowed.
D) the bill is due 15 days after the end of the month and no discount is allowed.

Question

Quizplus · Accepted Answer

The term "n/15, EOM" means that the net amount of the invoice is due 15 days after the end of the month, with no discount offered.

Credit Terms of N/15, EOM Means That