The credit terms 2 10 n 30 are interpreted as

Posted By Admin @ September 03, 2022


The credit terms 2/10, n/30 are interpreted as: Multiple Choice 2% cash discount if the amount is paid within 10 days, or the balance due in 30 days. 30% discount if paid within 2 days. 2% discount if paid within 30 days. 30% discount if paid within 10 days. 10% cash discount if the amount is paid within 2 days, or the balance due in 30 days.



The credit terms 2/10, n/30 are interpreted as:

  • 2% cash discount if the amount is paid within 10 days, or the balance due in 30 days.


I will explain using an example:

On January 2, the company sells $1,000 worth of goods with credit terms 2/10, n/30.

January 2

Dr Accounts receivable 1,000

    Cr Sales revenue

If the client pays within the discount period:

January 11

Dr Cash 980

Dr Sales discounts 20

    Cr Accounts receivable 1,000

If the client pays after the discount period but before 30 days:

January 31

Dr Cash 1,000

    Cr Accounts receivable 1,000

Similar Questions

  1. What do the credit terms 2 15 n 30 mean
  2. The long-term effects of cocaine are __________ the short-term effects.
  3. The three-term contingency becomes the four-term contingency if we add
  4. Which continent is at the coordinates 30 n 45 e
  5. Which symptom is a short-term effect of tobacco use brainly
  6. Interpreting new experiences in terms of existing schemas is called
  7. A long-term conscious effort to promote or prevent social change.
  8. Which process transfers information from sensory memory to short-term memory
  9. Long-term investments are most commonly used to save money for
  10. Eight less than a number n is at least 10
  11. Which function has zeros at x 10 and x 2
  12. 5.1 3 final exam wrap up english 10 sem 2
  13. A 2 kg block slides down a 30 degree incline
  14. La clase de ingles a las 10:30 de la manana
  15. Caroline bought 20 shares of stock at 10 1 2
  16. 2 3 4 5 6 7 8 9 10 11
  17. How could activating a transcription factor cause long-term cellular changes
  18. An invoice dated march 6 with terms of 1 10
  19. Which set of symptoms describes the short-term effects of amphetamines
  20. A tree stump is pulled northward by a 10-n force
  21. Solve 1 2 1 2x x 2 7x 10 4x
  22. 2 coins make 30 cents one is not a quarter
  23. 2 coins equal 30 cents one is not a quarter
  24. Which synonym describes something horrible in the worst possible terms
  25. For n 4 what are the possible values of l
  26. Which term describes a permanent change to a genetic sequence
  27. What credit score do i need for a gas card
  28. Which natural disaster actually increases biodiversity over the long term
  29. The protoplasm and cytoplasm of a plant are interchangeable terms
  30. Which term describes the conversion of substances into different substances
  31. A sequence is defined recursively. write the first five terms
  32. A term for metalloids that conduct electricity at high temperatures
  33. A credit report is used to help measure a borrower's
  34. Which term describes the fusion of cytoplasm from two individuals
  35. Which term is defined largely by feelings of intense patriotism
  36. How long is the term for the house of representatives
  37. A borrower with bad credit is likely to be charged
  38. Which term describes a fatty deposit on an artery wall
  39. Upperworld crime is another term for which of the following
  40. A cardiologist provided an interpretation and report of an ekg
  41. In terms of percent beer has more alcohol than whiskey
  42. 5-letter word with second letter o and fourth letter n
  43. A query can have no more than three common interpretations.
  44. Which expression has a value of 15 when n 7
  45. What term is defined as the ability to do work
  46. A force of 350 n causes a body to move
  47. A person pushes horizontally with a force of 220 n
  48. Which word part is always found in a medical term
  49. What molecules can be used for long term energy storage
  50. President reagan's use of the term evil empire referred to
  51. A query can have no more than three common interpretations
  52. Which expression has a value of 16 when n 5
  53. What term refers to loose dna inside of a nucleus
  54. Which term explains a prolonged feeling of helplessness and hopelessness
  55. A bank's loan officer rates applicants for credit find p60
  56. Which term best describes the way the passage is organized
  57. Which term best describes russia's transition to a market economy
  58. In general reducing the monthly payment of a credit card
  59. A term related to frequency that increases as frequency increases
  60. Which term describes alternation between a soloist and a group
  61. Which term refers to the organism eaten by a predator
  62. A term baby was vigorous at birth but receives cpap
  63. Spanish adjectives to describe a person that start with n
  64. Which scientist is credited with the theory of the atom
  65. What happens to the coverage under a children's term rider
  66. The numerical factor of a term that contains a variable
  67. Which undefined terms are needed to define a line segment
  68. A long term effect of anorexia might include hair loss
  69. The value of n is a distance of 3 units
  70. Which sentence is most clearly an interpretation of the passage
  71. The value of n is a distance of 1.5 units
  72. Which list only includes terms that describe oxygen gas o2
  73. A medical interpreter is most useful during the consent process
  74. Which resource is sometimes unpredictable in terms of energy production
  75. 30 increased by 3 times the square of a number

Which part of the female reproductive system is highlighted below

Answer:CervixExplanation:The highlighted area in the picture is the cervix because it is the narrow passage forming the lower end of the uterus, ( the neck. …

A customer is looking to replace three aging network servers

Answer:C. Type 1 Hypervisor installed directly on server hardwareExplanation:The Type 1 Hypersvisor, also known as native hypervisor or bare-metal hypervisor, executes directly into the server …

In a republic elected officials create to regulate the economy

In a republic, elected officials create Fiscal Policies to regulate the economy. Further explanation: Fiscal policies: The government regulates the economy using tools of spending …

There are 13 used by the body to maintain health

Answer:There are 13 vitamins used by the body to maintain health.Explanation:Not requested

Every individual getting a concussion demonstrates the same four symptoms.

The statement "Every individual getting a concussion demonstrates the same four symptoms." is false.What is concussion?Concussion is an injury to the brain. It is a …

Christopher columbus sailed the ocean blue in 1492 song lyrics

The correct answer is mnemonic. This is an example of a mnemonic because this phrase has been used as a way to remember an important …

Is the freezing of n-octane an endothermic or exothermic process

Answer: Exothermic reactionExplanation:The freezing of n-octane is an exothermic reaction. An exothermic reaction is a type of reaction in which energy usually in the form …

How to find the circumference of a circle with coordinates

Using the given center and point at the circumference, the equation of the circles are:a) b) c) What is the equation of a circle?The equation …

A certain circle can be represented by the following equation

Let's try to complete the squares.The x-part starts with , which is the beginning of . So, we'll think of as Similarly, we have thatSo, …

What is the difference between preterite and imperfect in spanish

The imperfect form is used when the time in which the events occur is not specified and the preterite is used when information about that …

What did john calvin and martin luther have in common

Correct answer: They broke with the Catholic Church.Additional context/details:Luther and Calvin both proclaimed salvation as a gift of God's grace, rather than something earned by …

For each pair identify whether they are complements or substitutes

By considering the market for film streaming services, tv screens, and tickets at movie theaters. for each pair, we have the following:film streaming and tv …

How to find the least common denominator of 3 fractions

Answer: Find the LCD of the first two, then the LCD of that and the third one.Step-by-step explanation:You can do it by finding the LCD …

An important feature of emergency operation plan is that they

Answer: Option A. provide a uniform response to all hazards that a community may face.Explanation:An Emergency Operations Plan (EOP) is an all-hazard plan document which …

What was the purpose of the hawley-smoot tariff of 1930

Option A, is the right answer, that the purpose of the Hawley- Smoot Tariff of 1930 was to raise import tariffs to protect U.S. firms …