Question

Which of the following fields of the edit terms window must be completed when entering payment terms of 2/10, net 30 days?

Answer 1

To enter payment terms of 2/10, net 30 days in the edit terms window, you need to complete the Discount Percentage, Discount Days, and Net Days fields.

Step-by-step explanation:

In the edit terms window, the fields that must be completed when entering payment terms of 2/10, net 30 days are:

1. Discount Percentage: This field should be filled with the discount rate for early payment, which in this case is 2%.
2. Discount Days: This field should be filled with the number of days within which the discount can be availed, which in this case is 10 days.
3. Net Days: This field should be filled with the total number of days within which the payment should be made, which in this case is 30 days.