English

Answer in one sentence. What do you mean by rebate? - Book Keeping and Accountancy

Advertisements
Advertisements

Question

Answer in one sentence.

What do you mean by rebate?

One Line Answer
Advertisements

Solution

The definition of a rebate is a discount given to a customer at the time of purchase, or money sent to a customer after they've paid the full price. Rebate is defined as giving a discount on something or give a portion of an amount billed back to the payer.

shaalaa.com
  Is there an error in this question or solution?
Chapter 7: Bills of Exchange - Exercise 7.1 (Objective Questions) [Page 303]

APPEARS IN

Balbharati Book-Keeping and Accountancy [English] Standard 12 Maharashtra State Board
Chapter 7 Bills of Exchange
Exercise 7.1 (Objective Questions) | Q F. 8) | Page 303
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×