Merchandise is ordered on June 13; the merchandise is shipped by the seller and the invoice is prepared, dated, and mailed by the seller on June 16; the merchandise is received by the buyer on June 18; the entry is made in the buyer's accounts on June 19. The credit period begins with what date?

Question

Quizplus · Accepted Answer

The credit period begins with the date on which the invoice is prepared and mailed by the seller, which is June 16.

Merchandise Is Ordered on June 13; the Merchandise Is Shipped