Question

15. An invoice dated March 6 with terms of 1/10, EOM results in the end of the discount period on

A. April 30.
B. May 31.
C. May 30.
D. April 10.

Answer 1

The answer is C. May 30

Answer 2

c) May 30

When the date is after the 25th of the month buyers are given an additional month for the cash discount. The cash discount end on the 10th day of the second month, the credit period is 20 days after the discount period.