Invoice Date Invoice amount Credit Terms
October 28 $3,065.46 1/10, n/60
For the above invoice, determine the last date on which the discount
can be taken.
To determine the last date on which the discount can be taken, you would add the credit terms to the invoice date.
So, for this invoice, adding 10 days to the invoice date of October 28 would give us November 7:
October 28 + 10 days = November 7
Therefore, the last date on which the discount can be taken is November 7.