Accounting MascotAccounting Q&A

What does the term 2/10 net 30 mean?
submitted by Shelly

Emu

If item is purchase on account & the agreement will be paid with in 30 days. But you are paid with in 10 days you have get 2% discount.

shen

A 2% sales discount when you made payment within 10 days when the term of the payable is 30 days.

syd

this means the buyer must pay within 30 days of the invoice but will receive a 2% discount if they pay within 10 days of the invoice date

dada

Buyers will receive 2 % discount of the price of the product if they pay some amount within 10 days. Full payment has to be made before 30 days.

Lisa

2% discount if paid within 10 days

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