End of month eom dating
Two common methods of ordinary dating are 2/10, n/30 and 2/10, 1/15, n/30. Heres the translation Read "2/10, n/30" as "two ten, net thirty" and "2/10, 1/15, n/30" as "two ten, one fifteen, net thirty." Our examples will help you see what these terms mean.
Lets start with an example using the second method of dating.
It also comes with a glossary to help you learn important terms like Balance Due and Terms Of Sale.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them).
You may know that day planners sold in business supply stores often include the numerical day of the year in addition to the days date.
For example, February 2 is the 33rd day of the year.
Lets do a calculation involving February in a leap year.
In a leap year, February has 1 extra day to use up.
Days are important because if a discount ends after 20 days, that doesnt mean it ends on the 20 The second method for calculating the end of a credit period or the due date is based on the days-in-a-year calendar.It does not begin with the date the seller puts on the invoice.ROG dating is often used when the buyer will not receive the goods immediately after ordering.Start by calculating the end of the discount periods.This means a 2% cash discount is given if the invoice is paid in the first 10 days.