Credit terms of 2/10, n/30 imply that the seller offers the purchaser a 2% cash discount if the amount is paid within 10 days of the invoice date. Otherwise, the full amount is due in 30 days.

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The credit terms of 2/10, n/30 indicate a 2% cash discount if the payment is made within 10 days, otherwise the full amount is due in 30 days. This statement is true.

Credit Terms of 2/10, N/30 Imply That the Seller Offers