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Author Question: A form of credit term is 3/15, 2/25, N/40, which means: I. a 3% discount is allowed if the invoice ... (Read 1044 times)

Tazate

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A form of credit term is 3/15, 2/25, N/40, which means:
 I. a 3% discount is allowed if the invoice is paid within 15 days of the invoice date
 II. a 2% discount is allowed if payment is made between days 16 and 25 of the invoice date
 III. a partial payment will not be accepted after the 25th day following the invoice date
◦ III only
◦ both I and II
◦ II only
◦ I only


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Marked as best answer by Tazate on Feb 26, 2020

dudman123

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