Financial management-ipcc

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Chartered Accountant
213 Points Posted on 05 May 2014
What is to be understood from this statement-"The company's credit policy is 2/10 net 30." This statement is given in a problem on receivables management.
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On 05 May 2014 at 14:17 Report
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Practice
142 Points Posted on 05 May 2014
It means if u ll pay within 10 days den get 2% discount otherwise pay within 30 days widout any discount
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On 05 May 2014 at 15:15
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Chartered Accountant
213 Points Posted on 05 May 2014
Thanks a lot Sir..!!
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On 05 May 2014 at 17:23

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