Asked by J’Myaa Tameriaa on Jun 24, 2024
Verified
The _______ date marks the beginning of the credit period.
A) Cash.
B) Invoice.
C) Discount.
D) Net payment.
E) Due.
Invoice Date
The date on which an invoice is issued, indicating when the transaction occurred.
Credit Period
The duration during which a customer can defer payment for goods or services without incurring additional charges.
Net Payment
The total amount paid or to be paid after deductions like taxes or discounts have been applied.
- Understand the various aspects of terms of sale and their relevance.
Verified Answer
JH
jingjing huangJun 27, 2024
Final Answer :
B
Explanation :
The invoice date marks the beginning of the credit period, as it is when the bill or invoice is issued, indicating the start of the time in which payment is expected to be made.
Learning Objectives
- Understand the various aspects of terms of sale and their relevance.