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When a sale is made with the credit terms of 2/10, net 30, the "10" refers to the _ period.

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Question added by abdelaziz allam , محاسب اول , شركة كامبردج مصر للاستثمار التعليمي ش.م.م
Date Posted: 2016/02/11
Ayman Al Mokahal
by Ayman Al Mokahal , Supervisor Finance Business Partner , Arab Financial Services

10 days period where the 2% discount is applicable

Discount 2% if paid within 10 days

Mary Anne del Rosario CPA
by Mary Anne del Rosario CPA , AP/AR Coordinator , Advaita Trade DMCC

Discount period-you get 2% discount when you pay within 10 days.