The 'discount period' is the number of days the buyer gets to take advantage of the cash discount.

Name: The 'discount period' is the number of days the buyer gets to take advantage of the cash discount.
Brand: Quizplus
Rating: 5.0 (42 reviews)

Question

Quizplus · Accepted Answer

This statement is correct. The discount period is the time frame during which a buyer can pay the invoice and receive a cash discount offered by the seller. It is usually expressed in terms of the number of days from the date of invoice.

The 'Discount Period' Is the Number of Days the Buyer