What is the meaning of (a) 1/15, n/60; (b) n/30; (c) n/eom?
(a)
Credit Terms: Credit terms are the terms of payment offered by the seller to the buyer.
To define: The meaning of (a) 1/15, n/60; (b) n/30; (c) n/eom
1/15, n/60 refers to the sales discount given to the buyer by the seller in case of prompt payment. 1/15, n/60 means the following:
(b)
To define: The meaning of (b) n/30.
(c)
To define: The meaning of (c) n/eom
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