The term ‘5 Net 7’ on an invoice means that?
COMMERCE
JAMB 1999
The term ‘5 Net 7’ on an invoice means that?
- A. 5% discount will be allowed on the price charged if payment is made within seven days
- B. 5% discount will be allowed on the price charged if payment is made after seven days
- C. 5% charge will be made unless payment is made within seven days
- D. 5% dicount will be allowed on the charged if the goods are bought within seven days
Correct Answer: A. 5% discount will be allowed on the price charged if payment is made within seven days
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