Explain the following credit terms: (a) n/ 30; (b) 2/ 10, n/ 60; (c) 1/ 15, EOM,

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Explain the following credit terms:
(a) n/ 30;
(b) 2/ 10, n/ 60;
(c) 1/ 15, EOM, n/ 30.

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College Accounting

ISBN: 978-1111528126

11th edition

Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille

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Question Posted: Oct 21, 2014 02:24 AM

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Explain the following credit terms: (a) n/ 30; (b) 2/ 10, n/ 60; (c) 1/ 15, EOM,

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a n30 means net 30 days the full amount of the bill is due within 30 days of the invoice date b ...View the full answer

College Accounting

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