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On an invoice, in the section headed Terms, you see the phrase 2 percent net 30. This phrase refers to: The required down payment. The
- On an invoice, in the section headed Terms, you see the phrase 2 percent net 30. This phrase refers to:
- The required down payment.
- The discount for prompt payment.
- Conditions for acceptance of the order.
- Size of initial shipment and time within which the order will be delivered.
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Managerial Accounting
Authors: Kulp, Susan, Dragoo, Amie, Hartgraves, Al L, Morse Wayne J.
9th Edition
1618533622, 9781618533623
