1/15 net 30 date of invoice translates as ________* a 1 percent discount may be

Question

1/15 net 30 date of invoice translates as ________* a 1 percent discount may be taken on 15 percent of the purchase if the account is paid within 30 days after the end of the month a 1 percent cash discount may be taken If paid in 15 days; If no cash discount is taken, the balance Is due 30 days after the end of the month a 1 percent cash discount may be taken If paid in 15 days; If no cash discount Is taken, the balance Is due In 30 days after the middle of the month a 1 percent cash discount may be taken If paid In 15 days; if no cash discount Is taken, the balance is due 30 days after the invoice date

Explanation / Answer

Ans

a 1 percent cash discount may be taken if paid in 15 days; if no cash discount is taken ,the balance is due 30 days after the invoice date.

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