Start learning →

The payment term Net 30 days means payment is due when?

A30 days after the invoice date
B30 days before delivery
CAt the end of the next quarter
DOn the day of the order
Answer & Solution
Correct answer: A. 30 days after the invoice date
Net 30 sets the due date at thirty days from the invoice date.
Practise this question with Quill — CA Inter →

Keep practising Audit of Items of Financial Statements

Browse all Audit of Items of Financial Statements questions for CA Inter, or explore more Auditing topics.

Start a Audit of Items of Financial Statements lesson →
Related questions