Credit terms of 2/10,n/30 mean that the purchaser may deduct 2 percent if the invoice is paid within 10 days,with the full amount due in 30 days if the early payment option is NOT exercised.

Question

Quizplus · Accepted Answer

The credit terms of 2/10, n/30 mean that the purchaser can deduct 2 percent of the invoice amount if paid within 10 days, with the full amount due in 30 days if the early payment option is not exercised. So, the statement is true.

Credit Terms of 2/10,n/30 Mean That the Purchaser May Deduct