Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Cash Discount term 3/15, net 40 means?

<p><span>a-3% Discount if payment in15 days, otherwise full payment in40 days</span></p> <p><span>b-15% Discount if payment in3 days, otherwise full payment40 days</span></p> <p><span>c-3% Interest if payment made in40 days and15%,interest thereafter</span></p> <p><span><span>d- None of the above</span></span></p> <p> </p>

user-image
Question added by Divyesh Patel , Assistant Professional Officer- Treasury , City Of Cape Town
Date Posted: 2015/01/04
VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Option (a) >>>>>>>3% Discount if payment in15 days, otherwise full payment in40 days

Mir Mujtaba Ali
by Mir Mujtaba Ali , Internal Audit Manager , Confidential

a

Hashem Albasha
by Hashem Albasha , Accounting Support Adviser , AL Mustwa AL Raqi

i agree with everyone

Lesley Lanag CMA CPA
by Lesley Lanag CMA CPA , Senior Accountant , Takaful Emarat Insurance (P.S.C)

a-3% Discount if payment in15 days, otherwise full payment in40 days

Al Zamil Ameer Hussain
by Al Zamil Ameer Hussain , Senior Accounting & Finance Officer , Stylo Travels

Agree with all above !

A is the answer, Usually large business gives a discount on early settlements. 

Ghous Ahmad
by Ghous Ahmad , Financial Accountant , Al Jammaz Group

ans. option A

FITAH MOHAMED
by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

ANSWER A 

Ayman Esa Mustafa Farrag
by Ayman Esa Mustafa Farrag , مدير مالي , شركة الصفوف

A is answer3% from15 to40 days 

Trupti Gadgil
by Trupti Gadgil , Manager , Cipher Investment and Finance Ltd

The answer is option a that is stated below:

a)3% Discount if payment in15 days, otherwise full payment in40 days

Sahar Alech
by Sahar Alech , Auditor / Financial Manager , Accounting Services Office

a is the answer3% discount if payment done within15 days , or total amount if payment done within40 days

Waleed Zafar
by Waleed Zafar , SENIOR MANAGER - ACCOUNTS & TRADE FINANCE , GLOBAL MONARCH FZC

The term3/15, net40 is a typical credit term, which means3% discount is offered, if payment is made within15 days, otherwise payment could be made within40 days.

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.