Merchandise is ordered on November 12; the merchandise is shipped by the seller and the invoice is prepared, dated, and mailed by the seller on November 15; the merchandise is received by the buyer on November 17; the transaction is recorded in the seller's accounts on November 15.If the credit terms are 1/10, n/30, the discount period begins with what date?

Question

Quizplus · Accepted Answer

The discount period begins with the invoice date, which is November 15 in this case. Therefore, the answer is B.

Merchandise Is Ordered on November 12; the Merchandise Is Shipped