You receive some goods on April 1 with the following terms: 3/20,net 30,June 1 dating.This means that you will receive a 3% discount if the bill is paid on or before June 20 and also that the full amount must be paid 30 days after receipt of the goods.

Question

Quizplus · Accepted Answer

The terms "3/20, net 30, June 1 dating" mean you receive a 3% discount if you pay within 20 days of June 1, and the full amount is due 30 days after June 1, not 30 days after receipt of the goods.

You Receive Some Goods on April 1 with the Following