What does net 10 EOM mean?
Understand the Problem
The question is asking for the meaning of the term 'net 10 eom', which is related to payment terms in business. This typically means that the total amount is due within 10 days of the end of the month in which the invoice is issued.
Answer
The invoice must be paid within 10 days following the end of the month.
The final answer is the invoice must be paid within 10 days following the end of the month.
Answer for screen readers
The final answer is the invoice must be paid within 10 days following the end of the month.
More Information
Net 10 EOM terms provide a clear time frame for payment, helping both the vendor and purchaser manage their cash flow effectively.
Sources
- Definition of net 10 eom from the Cambridge Business English Dictionary - dictionary.cambridge.org
- Accounting payment terms - AccountingTools - accountingtools.com
- altLINE - Standard Invoice Payment Terms - altline.sobanco.com
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