Answer to Question #208177 in Other for Beauty Magadlela

Question #208177

Indicate by choosing the correct option whether the following statement is true or false:

 

Settlement discount granted is offered to debtors in order to encourage quick settlement of their debts within the stated credit term shown on the credit invoice. 

True

False


1
Expert's answer
2021-07-01T09:32:50-0400

Settlement discounts are discounts which are given to a customer for the early payment of an invoice. If a payment is received from your customer within the number of days negotiated then the discount may be deducted from the invoice value.

So, the statement is true.


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