GROCERY & COUPON CODES

Accounting Question? 2/10 n/30 discount period?

(A). The sales discounts account will be overstated, so net income will be understated.

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simplestudies.com/what-do-2-10-n-30-terms-mean.html

May 9, 2010 - Indication "2/10, n/30" (or "2/") on an invoice represents a cash (sales) discount provided by the seller to the buyer for prompt payment.

https://strategiccfo.com/210-net-30/

Jul 22, 2013 - 2/ means a discount for payment within 10 days.The invoice amount is $10,000 and 2/ accounting is in place.

www.myaccountingcourse.com/accounting-dictionary/2-10-n-30

Definition: 2 10, Net 30 is a cash discount term where customers have 30 days to pay for a purchase but can receive a two percent discount if the entire purchase paid in full within ten days..What is the definition of 2/10, net 30 credit terms?.2/10 represents a 2 percent discount.

https://www.accountingcoach.com/accounts-payable/explanation/4

[The net amount of $1,000 minus the $10 early payment discount (which is 1% of.To illustrate 2/10, n/30, assume that a vendor's invoice for $1,000 is dated .

https://www.accountingcoach.com/accounts-receivable-and-bad-debts-expense/./2

Recording Sales of Goods on Credit, Credit Terms with Discounts.For example, the term 2/10, net 30 allows a customer to deduct 2% of the net amount owed if .

www.a-systems.net/qna/question.htm?id=541

Emu. If item is purchase on account & the agreement will be paid with in 30 days. But you are paid with in 10 days you have get 2% discount. shen. A 2% sales .

www.double-entry-bookkeeping.com › Accounts Receivable

Nov 6, 2016 - Net 30 terms are often combined with a discount for early settlement. For example 2% 10 days, net 30 terms or 2/10, n/30 means, that a 2% .

www.investopedia.com/terms/1/1-10net30.asp

A way of providing cash discounts on purchases. It means that if the bill is paid within 10 days, there is a 1% discount. Otherwise, the total amount is due within .