WAEC Commerce 2019 Objective — Question 5
Question 5 of 50 from the West African Examinations Council (WAEC) Commerce 2019 Objective paper, with the correct answer and a full explanation.
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'Net 3 months' on an invoice means the buyer will
- A. pay interest after 3 months
- B. get discount if he pays within 3 monthsCorrect
- C. pay full invoice amount after 3 months
- D. have discount if he pays after 3 months
Explanation
'Net 3 months' indicates the maximum period (3 months) within which the buyer can enjoy a discount; after that, no discount applies.
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