The credit terms offered by a business indicate that a bill must be paid in full within 30 days and offers a two percent discount for paying a bill within 10 days.This can be stated on the invoice as

Question

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The correct way to state these credit terms on an invoice is "2/10, net 30". This means the buyer can take a 2% discount if the bill is paid within 10 days; otherwise, the full amount is due within 30 days.

The Credit Terms Offered by a Business Indicate That a Bill