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What is meant by payment term OA 30 days?
open account 30 days..
What is meant by payment term OA 60 days?
OA = open account
What is meant by payment term OA 90 days?
Payment term OA 90 days refers to "open account" payment terms where the buyer is allowed to pay the seller within 90 days after the invoice date. This arrangement typically indicates a trust-based relationship, as the seller ships goods or provides services without requiring immediate payment. It is common in business-to-business transactions, allowing buyers to manage their cash flow effectively while still receiving the products or services needed.
What does 31 days nett payment mean?
It's a payment term meaning: payment due 30 days from the end of the month in which the invoice is raised.
What does the payment term 30 days mf mean?
The payment term "30 days mf" typically stands for "30 days month-end." This means that the payment is due 30 days after the end of the month in which the invoice was issued. For example, if an invoice is dated March 15, the payment would be due by April 30. This term is commonly used in business transactions to provide a clear timeline for payment.
What is meant by payment term OA 30 days?
open account 30 days..
What is meant by payment term OA 60 days?
OA = open account
What is meant by payment term OA 90 days?
Payment term OA 90 days refers to "open account" payment terms where the buyer is allowed to pay the seller within 90 days after the invoice date. This arrangement typically indicates a trust-based relationship, as the seller ships goods or provides services without requiring immediate payment. It is common in business-to-business transactions, allowing buyers to manage their cash flow effectively while still receiving the products or services needed.
What is the term for a bank account that permits direct payment to a third-party?
Transactions account
What does 30 days nett monthly mean?
It's a payment term meaning: payment due 30 days from the end of the month in which the invoice is raised. It's a payment term meaning: payment due 30 days from the end of the month in which the invoice is raised.
What does 31 days nett payment mean?
It's a payment term meaning: payment due 30 days from the end of the month in which the invoice is raised.
What account receivable payment term is not standard business?
cash on demand...
What does payment term CF 30 days mean?
Credit For 30 days
Why people prefer only DA Payment terms?
Isn't it the bank is fully aware of the order is under certain # days of D/A so you will have the first priority to collect the payment before the account holder. This is how the payment term document against acceptance stands.
What does the term minimum payment mean?
That is the smallest possible periodic payment to a creditor that is necessary to keep the credit account in good standing.
What does payment term Net 30 days mean?
Means it should be paid in full withen 30 days.
Is a bank account an open ended account?
Yes it is. Your bank account is your property and you can withdraw funds from them anytime you please. The deposit accepted by the banks is a liability on their part and they must return it, anytime the customer wishes to take them.
