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3/10 net 45 EOM translates as (a) a 10 percent cash discount may be taken if paid in three days; if no cash discount is taken, the balance is due in 45 days. (b) a 3 percent cash discount may be taken if paid in 10 days; if no cash discount is taken, the balance is due 45 days after transaction is complete. (c) a 3 percent cash discount may be taken if paid in 10 days; if no cash discount is taken, the balance is due 45 days after the end of the month. (d) a 3 percent discount may be taken on 10 percent of the purchase if the account is paid within 45 days after the end of the month.

Sagot :

Parrainidn

In accounting, 3/10 net 45 translates to (b) a 3 percent cash discount may be taken if paid in 10 days; if no cash discount is taken, the balance is due 45 days after transaction is complete.

What does the term, "3/10, net 45" mean?

It means that a discount of 3% can be taken on the items purchased only if the person pays within 10 days.

If they don't pay within 10 days, they will have to pay the entire balance within 45 days of having made the transaction.

Find out more on trading terms at https://brainly.com/question/24086159.

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