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20 February, 13:15

What credit terms allow a discount of 3% if payment is made within 15 days from the date of the invoice; otherwise, the total amount of the invoice must be paid within 30 days from its date?

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  1. 20 February, 13:25
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    The example above clearly illustrates Cash discount

    Explanation:

    Cash discount is when a trading organisation offers discount for early payment or liquidation of debt. This is aimed at reducing recievables or debt as well as increasing cash asset.
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