An invoice dated October 16 has payment terms of 2/20, n/45. On what date would the cash discount expire?
A) October 26
B) November 30
C) November 5
D) October 18
E) December 7

Name: An invoice dated October 16 has payment terms of 2/20, n/45. On what date would the cash discount expire? A) October 26 B) November 30 C) November 5 D) October 18 E) December 7
Brand: Quizplus
Rating: 4.8 (31 reviews)

Question

Quizplus · Accepted Answer

The cash discount period is 20 days from the invoice date of October 16, which means the discount expires on November 5.

An Invoice Dated October 16 Has Payment Terms of 2/20