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What is meant by payment term CAD 60 days?
It means 60 from the date the customer receives the goods. CAD = Cash Against Documents
What does C.O.D. mean on an invoice?
The acronym COD stands for Cash On Delivery, and it means that something is being delivered to you, and you will pay for it when you receive it. This is in comparison to paying for something in advance and then receiving it.
What is meant by payment term DP 60 days?
Payment term "DP 60 days" refers to a financial arrangement where payment is due 60 days after the delivery of goods or services. "DP" stands for "Documents against Payment," indicating that the seller retains control over shipping documents until payment is made. This term is commonly used in international trade to ensure that the buyer has a specified timeframe to arrange payment after receiving the goods.
What account receivable payment term is not standard business?
cash on demand...
What is the other term for the cash payment settlement option?
don't know
Is decrease in long term debt inflow or outflow?
Decrease in long term debt is cash out flow because long term debt decrease when cash payment is done and as cash goes out it is an outflow.
What is the other term for the cash payment settlement insurance option?
don't know
What is meant by payment term OA 60 days?
OA = open account
Is cash on demand an Accounts Receivable payment terms are NOT standard in business?
Cash on demand as a payment term means that payment is required immediately upon delivery of goods or services, which is not a standard practice in many businesses. Typically, Accounts Receivable terms allow customers some time to pay, often ranging from 30 to 90 days. While cash on demand may be used in certain industries or for specific transactions, it is less common in standard business practices, where credit terms are more prevalent to facilitate sales and improve cash flow.
What is meant by payment term OA 30 days?
open account 30 days..
What is meant by the term current assets?
Current assets are an individuals or a companies current valuable. These valuables, also known as assets, can be cash, cash equivalent things and short-term investments.
What is meant by the term saving money in the bank?
to put money (cash) in some place that is safe
