An invoice dated March 6 with terms of 1/10, EOM results in the end of the discount period on:

Question

Quizplus · Accepted Answer

The terms 1/10, EOM mean that the buyer can take a 1% discount if the invoice is paid within 10 days of the end of the month (EOM) in which the invoice is issued. In this case, the invoice is dated March 6, so the end of the discount period would be April 10 (10 days after the end of March). Therefore, the correct answer is B.

An Invoice Dated March 6 with Terms of 1/10, EOM