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.
More Banking System in India Questions
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
11.232 + 29.98% of 599.99 = ? × 6.99
2387.56 + ? – 2248.14 = 1765.45 – 1574.23
45.05% of 260.05 – 20.15% of 149.99 × 3.02 = ?
(519.98 + ?) ÷ 13.01 = √440 + 20.0
7.9% of 174.92 + 24.99 - 131.99 ÷ 11.95 × 2.98 = ?
1560.182 ÷ √168 + √143 * √224 – 4649.87 ÷ 30.883= ?
70.008% of 399.98 + ?% of 399.999 = 80.105% of 599.998
- What approximate value will come in place of the question mark (?) in the following question? (Note: You are not expected to calculate the exact value.)
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