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Thursday, 23 April 2026
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The term 4 net 7 on an invoice means that

The term 4 net 7 on an invoice means that
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  • A 4% surcharge will be made unless payment is made within seven days
  • B 4% discount will be allowed on the price charged only if the good are bought within seven days
  • C 4% discount will be allowed on the price charge if payment is made after seven days
  • D 4% discount will be allowed on the price charged if payment is made price charged if payment is made price charged if payment is made within seven days.
Correct Answer: Option D
Explanation:
The discount is allowed to encourage seller prompt payment for the goods bought by the buyer.

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