Credit terms of 2/10,n/30 mean that if payment is made in two days,a 10% discount will be given;if not paid within two days,the full invoice price will be due in thirty days.

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Gaurav Chauhan · Accepted Answer

Final Answer : False, Explanation :  The terms 2/10, n/30 mean that a 2% discount is offered if payment is made within 10 days; otherwise, the net (full) amount is due within 30 days.

Credit terms of "2/10,n/30" mean that if payment is made in two days,a 10% discount will be given;if not paid within two days,the full invoice price will be due in thirty days.

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