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Which of the following statements is true about the terms of trade credit 4/10, net 30?

Which of the following statements is true about the terms of trade credit 4/10, net 30?

Which of the following statements is true about the terms of trade credit 4/10, net 30?


[A]A 10% cash discount is offered for payment before 30 days
[B]A 4% cash discount can be taken for payment before the 10th of the following month after invoicing
[C]A 10% cash discount can be taken if paid by the fourth day after invoicing
[D]No cash discount is offered from the eleventh day onwards after the date of purchase

Roshan kumar 01-Jan-2018

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