A buyer who acquires merchandise under credit terms of 1/10, n/30 has 30days after the invoice date

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A buyer who acquires merchandise under credit terms of 1/10, n/30 has 30days after the invoice date to take advantage of the cash discount.
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Fundamental Accounting Principles

ISBN: 9781260247985

25th Edition

Authors: John J Wild, Ken Shaw

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Question Posted: Jan 10, 2018 01:34 AM

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A buyer who acquires merchandise under credit terms of 1/10, n/30 has 30days after the invoice date

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Yes it is true that a buyer who acquires merchandise under credit terms of 11...View the full answer

Fundamental Accounting Principles

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