Hello friends,
can anyone please tell me the meaning of 2/10 net 30 in the following line. ( it is from a question of Financial Management , topic is receivable management)
" The credit Policy of the firm is 2/10 net 30"
plz plz plz plz reply
thanking in anticipation.
| Originally posted by : abhishek | ||
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Two percent discount is given if payment made by debtors within ten days, total period for credit is thirty days |
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thank u very much Abhishek and Aditya sir
CAclubindia
