What do the credit terms,2/15,n/30 mean?
A) A fifteen percent discount can be deducted if the invoice is paid within two days following the date of sale.
B) A two percent discount can be deducted for a period up to thirty days following the date of sale.
C) A two percent discount can be deducted if the invoice is paid before the fifteenth day following the date of the sale.
D) A two percent discount can be deducted if the invoice is paid after the fifteenth day following the sale,but before the thirtieth day.
Correct Answer:
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