Which of the following credit terms allows a discount of 1% if payment is made within 10 days from the date of the invoice; otherwise, the total amount of the invoice must be paid within 30 days from its date?

(2pts)

Question 50 - Which of the following credit terms allows a discount of 1% if payment is made within 10 days from the date of the invoice; otherwise, the total amount of the invoice must be paid within 30 days from its date?

	1/10, EOM
	1/30, EOM
	10/1, EOM
	1/10, n/30

A schedule of accounts receivable is prepared from

(2pts)

Question 49 - A schedule of accounts receivable is prepared from

	the list of customer accounts in the accounts receivable ledger
	the general journal
	any uncollectible balances in the accounts receivable accounts
	the list of creditors accounts in the accounts payable ledger.

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