Invoice Date Invoice amount Credit Terms

Question

December 7 $540.99 n/30
For the above invoice, determine the last date on which the discount
can be taken. (Type N/A if date is not applicable.)

Answer 1

To determine the last date on which the discount can be taken, we need to add the credit terms of "n/30" to the invoice date of December 7th.

Adding 30 days to December 7th, we get January 6th.

Therefore, the last date on which the discount can be taken is January 6th.