An invoice is dated August 29 with terms of 4/15 EOM. What is the discount date?


What is the net date for the scenario in the previous question?

To determine the discount date and net date for an invoice with terms of 4/15 EOM, we need to understand the terms.

The term 4/15 EOM stands for "4/15 end of the month." This means that the invoice needs to be paid within 15 days from the end of the month in which it was issued.

Now, let's break down the terms:

1. Invoice date: August 29
2. Terms: 4/15 EOM

To calculate the discount date:
- Start with the invoice date (August 29).
- Add 4 days (from the first part of the terms, "4/15").
- The discount date for this invoice would be September 2.

To calculate the net date:
- Start with the invoice date (August 29).
- Add 15 days (from the second part of the terms, "4/15 EOM").
- The net date for this invoice would be September 13.

So, based on the given scenario:

- Discount date: September 2
- Net date: September 13