MANAGEMENT

Detailed explanation-1: -2/10 net 30 is a trade credit extended to the buyer from the seller. A buyer will receive a 2% discount on the net amount if they pay the invoice in full within the first ten days of the invoice date. Otherwise, the full invoice amount is due in 30 days without a discount.

Detailed explanation-2: -2/10 net 30 is a trade credit often offered by suppliers to buyers. It represents an agreement that the buyer will receive a 2% discount on the net invoice amount if they pay within 10 days. Otherwise, the full invoice amount is due within 30 days.

Detailed explanation-3: -What is net 30? Net 30 is a term used on invoices to represent when the payment is due, in contrast to the date that the goods/services were delivered. When you see “net 30” on an invoice, it means that the client can pay up to 30 calendar days (not business days) after they have been billed.

Detailed explanation-4: -3/10 N/30 is the official business definition of a payment term used to indicate that the buyer must pay within 30 days of the invoice date, but they will receive a discount if they pay within 10 days. This payment term is advantageous for both the buyer and the seller.

Detailed explanation-5: -2/10 net 30 Definition 2/10 net 30, defined as the trade credit in which clients can opt to either receive a 2 percent discount for payment to a vendor within 10 days or pay the full amount (net) of their accounts payable in 30 days, is extremely common in business to business sales.