Unformatted text preview: Cash and Trade Discounts - Cash discounts are rewards for prompt payment Credit Terms Meaning n130 The full billed price (net price) is due on the thirtieth day
alter the invoice date 115, nl30 A 1% discount can be taken for payment within 5 days of the invoice date: othenivise the full billed price is due
in 30 days 15 E_0_M- The full price is due within 15 days after the end—of the—month
of sale (an invoice dated December 20 is due January 15)...
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- Fall '07
- Financial Accounting