NICA CCCA Practice Questions - NICA Certified Chartered Credit Administrator Exam

A 3% discount is granted if payment is made within 15 days; otherwise, the full invoice amount is due within 45 days Interest will accumulate at 3% for the first 15 days, and then rise to 45% if unpaid The customer must pay 3% of the invoice immediately, 15% in a week, and the net amount in 45 days The credit limit is capped at 3 million Naira for 15 days, and net limits apply up to 45 days