One of the most common designations for the beginning of the credit period is
A) 2/10.
B) the date of invoice.
C) the end of the month.
D) the transaction date.

Question

Quizplus · Accepted Answer

The beginning of the credit period is typically designated as the date of invoice, which is when the transaction was initiated and the goods or services were provided. This is the starting point for calculating the payment deadline and any applicable discounts or penalties, such as 2/10 net 30 (meaning a 2% discount if paid within 10 days, or full payment due in 30 days). The other options may be relevant for specific payment terms, but do not necessarily apply universally.

One of the Most Common Designations for the Beginning of the Credit