If you receive some goods on April 1 with the follow¬ing terms; 3/20, net 30, June 1 dating, it means that you will receive a 3 percent discount if the bill is paid on or before June 20 and that the full amount must be paid 30 days after receipt of the goods.

Question

Quizplus · Accepted Answer

The terms "3/20, net 30, June 1 dating" mean a 3% discount is available if paid within 20 days from June 1, and the full amount is due 30 days from June 1, not from the receipt of goods.

If You Receive Some Goods on April 1 with the Follow¬ing