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The Credit Terms Offered by a Company Are 2/10, N/30

Question 108

Multiple Choice

The credit terms offered by a company are 2/10, n/30, which means that


A) the customer must pay the bill within 10 days.
B) the customer can deduct a 2% discount if the bill is paid between 10 days and 30 days from the invoice date.
C) the customer can deduct a 2% discount if the bill is paid within 10 days of the invoice date.
D) two sales returns can be made within 10 days of the invoice date and no returns thereafter.

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