Explain the terms of paymentrevolving charge plans are set, Ask an Expert

Accounting

Explain the Terms of Payment

Revolving charge plans are set up so that you can pay a percentage plus a finance charge on a monthly basis.

Credit terms - allow purchaser a certain amount of time to pay

n/EOM - PAYMENT should be made by the end of the month

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9583343

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