which of the following is a possible payment preference? net-10 cash on demand (cod) net-15 check
which of the following is a possible payment preference? net-10 cash on demand (cod) net-15 check
Answer
Answer:
A. net - 10, B. cash on demand (COD), C. net - 15, D. check
Brief Explanations:
All are common payment - related terms. Net - 10 and net - 15 are credit terms indicating payment is due 10 and 15 days respectively after the invoice date. Cash on demand (COD) means payment is made immediately upon demand. A check is a written order directing a bank to pay a specified sum to a payee.