This term means that the customer can receive a 2% discount on the invoice amount if the payment is made within 10 days from the date of the invoice. If the payment is not made within this 10-day period, the full amount becomes due 30 days from the invoice date.

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2/10, N30 Means

Question 214

Multiple Choice

2/10, n30 means:

A) if the customer pays within 30 days from the date of purchase, they get a 2% rebate, payable in 10 days.
B) the supplier will pay a discount of from 2- 10% if paid within thirty days.
C) the customer gets a 10% discount if paid within two days from the date of purchase.
D) if the customer pays within ten days from the date of invoice, they get a 2% discount, otherwise the full amount is due in 30 days from the invoice date.

Correct Answer: