Editions:

Net 30 Credit Terms - wikiCFO
Apr 1, 2010 . The credit terms 2% 10 net 30 means the customer gets a 2% . Net 30 credit terms represent incentive discounts that suppliers offer to .
http://www.wikicfo.com/wiki/Net%2030%20Credit%20Terms.ashx


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credit terms of 2\/10 n\/30 of an Umbrella Insurance Policy

ACC101 – CHAPTER 4
When paid within the discount period assuming credit terms of 2/10, n/30: $700 purchase - $200 return = $500 mdse * 2% = $10 discount. $600 owed ($500 + .
http://dept.harpercollege.edu/tutoring/pdfs/ac101_ch4.pdf

Definition of an Umbrella Insurance Policy

2/10 net 30 - wikiCFO
Aug 11, 2011 . 2/10 Net 30 Example · Credit Sales · Letter of Credit · Line of Credit (Bank Line) · Net 30 Credit Terms · 5 C's of Credit (5 C's of Banking) .
http://www.wikicfo.com/wiki/2-10-net-30.ashx

Sales on Credit and Credit Terms | AccountingCoach.com
Using the example from above, let's illustrate how the credit term of 2/10, net 30 works. Gem Merchandise Co. ships $1,000 of goods and the customer returns .
http://www.accountingcoach.com/online-accounting-course/24Xpg02.html

What do 2/10, n/30 invoice terms mean? - Accounting Questions ...
May 9, 2010 . Explanation of 2/10, n/30 credit terms. Indication "2/10, n/30" (or "2/10 net 30") on an invoice represents a cash (sales) discount provided by the .
http://simplestudies.com/what-do-2-10-n-30-terms-mean.html

Definition

EXAM 2: Prin Financial Acc Flash Cards: Koofers
Sales Discounts with terms 2/10, n/30 means: B) 2% discount for payment within 10 days or the full amount within 30. Gross Sales total $250,000, one-half of .
http://www.koofers.com/flashcards/acc-exam-2/review

Types

PresentationPro - PowerCONVERTER XP
Exhibit 7-5 shows a time line of the discount period and credit period on an . The 2/10, n/30 terms of sale stipulate a cash discount if the bill is paid within 10 .
http://www.swlearning.com/bmath/bizmath_tutorials/m06/index.html

Availability

Accounting Principles I: Sales Discounts
Assuming the credit terms are 2/10, n/30 and Music World pays the invoice within ten days, the payment equals $882, an amount calculated by subtracting $18 .
http://www.cliffsnotes.com/study_guide/Sales-Discounts.topicArticleId-21081,articleId-21035.html

Accounting for Receivables
The terms of the agreement were 2/10, n/30. The entries are as follows: Example: Accounts Receivable. Credit Sale: Accounts Receivable 1,000. Sales Revenue .
http://occonline.occ.cccd.edu/online/jsugden/08.PPT

The Process

Mathematics of Buying
Calculate net cost after discounts. Cash Discounts. Cash discounts are offered as a means of encouraging quick payment. Terms: 2/10 n/30. Cash Discounts .
http://www.swtc.edu:8082/mscenter/mthsci/genmath/09finc/Ch%206/Ch%206%20Mathematics%20of%20Buying%20Section%203%20Lecture.ppt

Do Prompt Pay Discounts Make Sense for Your Small Business ...
Vendors that provide your business credit by invoice terms such as “Net 30” (a no . For example, a billing term such as “2/10 Net 30” still provides the 30 day .
http://www.dandb.com/credit-resources/business-finances/do-prompt-pay-discounts-make-sense-for-your-small-business/

Benefits

ACC 211
Examples of credit terms: N/30; 2/10/N30; 2/10/1/30/N60; N10EOM; Etc. o The balance in this account should always equal to the value of the discounts taken by .
http://faculty.tcc.edu/TLeonard/211H05.htm

Optical Supply Company offers credit terms of 2/10, net 60 ...
Jun 30, 2010 . Question - Optical Supply Company offers credit terms of 2/10, net 60. . (a) 2/10, net 30, (b) net 60, (c) 3/15, net 60, (d) 2/10, net 30, 30 extra.
http://www.justanswer.com/finance/3ot66-optical-supply-company-offers-credit-terms-2-10-net-60.html

Limitations

Sales (accounting) - Wikipedia, the free encyclopedia
Date, Description of entry, Debit, Credit. 9-1, Accounts Receivable (Customer A), 500.00. Sales, 500.00. Merchandise sale on account, terms 2/10, n/30.
http://en.wikipedia.org/wiki/Sales_(accounting)

A great idea to increase sales and improve cash flow | Value ...
Sep 2, 2009 . Companies sometimes offer credit customers a 2-10-N30 payment term. (i.e. the customer can take a 2% discount off the invoice amount if they .
http://valueacceleration.wordpress.com/2009/09/02/a-great-idea-to-increase-sales-and-improve-cash-flow/

Considerations

Solution to Short-Problem #3
A company purchased merchandise inventory costing $15,000 with credit terms of 2/10, n/30. Eight days after the purchase, this company paid 1/3 of the amount .
http://faculty.cbpp.uaa.alaska.edu/afrfb/acct201/SP_6_3.htm

ACCOUNTING 201 > Rambo > Flashcards > Final | StudyBlue
and credit terms of 2/10, n/30. What is the net cost of the goods if Hunter Company pays within the discount period? 3920. A company has goods available for .
http://www.studyblue.com/notes/note/n/final/deck/1433546

References

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