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accounting problem

wbbwbb Registered User Posts: 122 Junior Member
edited August 2006 in Business Major
what does the format

N/30 mean? in terms of accounting?
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Replies to: accounting problem

  • 311Griff311Griff Registered User Posts: 1,586 Senior Member
    It's the terms for the payer of a transaction. The payer will pay the payee the net of what they owe within 30 days. Usually without any interest added.
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