Trade Credit: It refers to the facility of credit purchase which is provide by supplier or firm to its customers, which facilitate them to make payment after a period of time. To Explain: The meaning of term “2/10, net 30.

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Chapter 19, Problem 3CC

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Trade Credit: It refers to the facility of credit purchase which is provide by supplier or firm to its customers, which facilitate them to make payment after a period of time.

To Explain: The meaning of term “2/10, net 30.

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