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  3. credit terms of n/15 were printed on an invoice. e

Credit terms of n/15 were printed on an invoice. Explain what this means. Multiple...

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Accounting

Credit terms of n/15 were printed on an invoice. Explain what this means.
Multiple choice question.
The buyer will receive a 15% discount if the invoice is paid by the 15 of the month.
The credit terms stand for net 15 days.
The discount period lasts only 15 days from the invoice date.
The credit period ends on the 15th of the month.

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