To obtain the maximum possible benefit from a cash discount of 2/10, n/30, the buyer should pay the invoice:
A) immediately.
B) on the last day of the discount period, i.e. in 10 days.
C) at the end of the month.
D) when the seller threatens legal action.
Correct Answer:
Verified
Q16: Simon sold goods to Lauren for $3300
Q17: Which of these should be classified as
Q18: The specific term used by a retailer
Q19: Under GST (Goods and Services Tax) legislation
Q20: GST is credited to the GST collections
Q22: GST collected on sales is accumulated in
Q23: In Australia, where most accounting is computerised,
Q24: Jan sold goods to John for $3300
Q25: Under the perpetual inventory system inventory purchased
Q26: Adelaide sold goods to Perth on credit
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents