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When Goods Are Sold to a Customer with Credit Terms

Question 17

Multiple Choice

When goods are sold to a customer with credit terms of 2/15,n/30,the customer will receive a:


A) 15% discount if they pay within 2 days.
B) 2% discount if they pay 15% of the amount due within 30 days.
C) 15% discount if they pay within 30 days.
D) 2% discount if they pay within 15 days.

Correct Answer:

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