Asked by
Amalia Zambrano
on Dec 16, 2024
Verified
If payment is due by the end of the month in which the sale is made, the invoice terms are expressed as n/30.
Invoice Terms
The conditions stipulated on an invoice, including payment due date, discount opportunities for early payment, and penalties for late payment.
n/30
Payment terms indicating the net amount is due in full within 30 days.
- Recognize various inventory and sales terms and their implications in accounting.
Verified Answer
BD
Learning Objectives
- Recognize various inventory and sales terms and their implications in accounting.
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