Ask Question
4 November, 22:02

What credit terms allow a discount of 3% if payment is made within 15 days from the date of the invoice; otherwise, the total amount of the invoice must be paid within 30 days from its date?

+1
Answers (1)
  1. 5 November, 01:50
    0
    The example above clearly illustrates Cash discount

    Explanation:

    Cash discount is when a trading organisation offers discount for early payment or liquidation of debt. This is aimed at reducing recievables or debt as well as increasing cash asset.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What credit terms allow a discount of 3% if payment is made within 15 days from the date of the invoice; otherwise, the total amount of the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers