The invoice date is May 1st. The terms are 8/10, n/30. What is the last day to pay the invoice?
2 answers:
Answer:
if I comply with the payment agreement I must pay on the 30th of the month if I want to take advantage of the discount I must pay until the 8th.
if I do not meet the payment term I have no payment date
Step-by-step explanation:
if I comply with the payment agreement I must pay on the 30th of the month if I want to take advantage of the discount I must pay until the 8th.
if I do not meet the payment term I have no payment date
N/30 the net amount is due within 30 days after the sales invoice date.
So the last day to pay the invoice is
May 31 st
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