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total due on receipt what this meaning“total due on receipt”total due on receipt, overdue accounts subject to a service charge of 1% per month this is the complete sentence

Answers · 3

3
It means that when you receive (are in "receipt") your order or goods that you MUST pay the total billed amount. Sometimes, for business purposes, you may get the "2/10, n/30" which implies that if you pay within 10 days you get 2% off the total, otherwise the entire amount is due in 30 days without a discount.
0
thanks a lot

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