MCQs > Finance & Management > Accounts Receivable > You received an invoice that shows credit terms of 2/10, n/60. What does the number 10 in the credit terms refer to?

Accounts Receivable MCQs

You received an invoice that shows credit terms of 2/10, n/60. What does the number 10 in the credit terms refer to?

Answer

Correct Answer: The number of days in the credit period.

Explanation:

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Overall Skill Level-Poor

Your Skill Level: Poor

Retake Quizzes to improve it