Question
The term 'net 50' implies that the customer will make
payment:Solution
Net 50 generally implies that payment is due within 50 days from the date of invoice. It is a payment term often used in commercial transactions, indicating the number of days a buyer has to pay the seller for the goods or services purchased. "Net" means that payment is due in full, and "50" indicates the number of days allowed for payment.
FIPB stands for:
As per Union Budget 2025-26, what is the new asset monetization plan target for 2025-30?
Which of the following cost are not excluded from the cost of inventories as per AS 2:
X Ltd. forfeits shares for non-payment of final call. These are reissued at a discount. Where is the discount adjusted?
Provision for Bad & Doubtful Debt is created in anticipation of actual bad debts on the basis of:
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If nothing is given in the financial statements about the three accounting assumptions, then it is to be treated as it
The level at which a fresh order should be placed for the replenishment of the stock is known as ______.
Which is not a method of overhead apportion mechanism?
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