If credit terms are stated as 2/10 net 30 E.O.M., the E.O.M. means
A) the bill must be paid by the end of the month.
B) discounts are available until the end of the month.
C) the 30-day period and the 10-day period do not begin until the end of the month.
D) no credit will be given until the end of the month.

Question

Quizplus · Accepted Answer

E.O.M. stands for "End of Month," meaning the 30-day credit period and the 10-day discount period start at the end of the month in which the invoice is dated.

If Credit Terms Are Stated as 2/10 Net 30 E