Question

Merchandise is ordered on November 10; the merchandise is shipped by the seller and the invoice is prepared, dated, and mailed by the seller on November 13; the merchandise is received by the buyer onNovember 18; the entry is made in the buyerâs accounts on November 20. The credit period begins with what date?1.November 102.November 133.November 184.November 20

Answer 1

November 13

Step-by-step explanation:

Answer 2

2.November 13

Step-by-step explanation:

Given that

Date on which the merchandise is ordered is November 10

Date on which the merchandise is shipped, invoice is prepared, and mailed by the seller is November 13

Date on which the merchandise received by the buyer is November 20

So based on the above information, the credit period begins with that date on which the invoice is prepared and mailed by the seller to the buyer i.e November 13

Hence, the credit period starts from November 13