Author Question: If the terms of sale are 1/10, n/30, the buyer has thirty days after the date of the invoice to take ... (Read 55 times)

ereecah · **on:** Jul 6, 2018

If the terms of sale are 1/10, n/30, the buyer has thirty days after the date of the invoice to take advantage of a 1 percent cash discount.
a. True
b. False
Indicate whether the statement is true or false

Question 2

A bill that should have been paid by a Special Revenue Fund was erroneously paid by the General Fund. The General Fund refunds the amount to the Special Revenue Fund. This transaction is an example of an interfund

A. Transfer.
B. Services provided and used transaction.
C. Reimbursement transaction.
D. Loan.

reelove4eva · **Reply #1 on:** Jul 6, 2018

Answer to Question 1

False

Answer to Question 2

C

ereecah · **Reply #2 on:** Jul 6, 2018

Correct answers!

reelove4eva · **Reply #3 on:** Jul 6, 2018

Great! Please up vote

Author Question: If the terms of sale are 1/10, n/30, the buyer has thirty days after the date of the invoice to take ... (Read 55 times)

ereecah

If the terms of sale are 1/10, n/30, the buyer has thirty days after the date of the invoice to take ...

Related Topics

Need homework help now?

reelove4eva

If the terms of sale are 1/10, n/30, the buyer has thirty days after the date of the invoice to take ...

ereecah

If the terms of sale are 1/10, n/30, the buyer has thirty days after the date of the invoice to take ...

reelove4eva

If the terms of sale are 1/10, n/30, the buyer has thirty days after the date of the invoice to take ...