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What is the difference between Discount and Rebate?

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تم إضافة السؤال من قبل Anil Lalwani , Chief Accountant , Al Ahli Hospital
تاريخ النشر: 2016/10/29
Soliman Abd  ALmalak Gendy
من قبل Soliman Abd ALmalak Gendy , مدير ادارة مراقبة حسابات , الجهاز المركزى للمحاسبات

-A rebate means refund.and it is money given back after payment.

-sometimes it has the same  as a discount when it refers to a deduction of the price during a sale.

A deduction is a deduction in the price that we pay in the store

manseer muhammed ali
من قبل manseer muhammed ali , Accountant General , Royal Lighting L.L.C & Royal Furnishing LLC

A deduction in the purchase price given to the buyer, by the seller for various reasons, is known as discount. It is an Marketing strategy.

The rebate is the amount of the purchase price refunded by the seller to the buyer, when the quantity purchased reaches the specified limit.  It is an Sales promotion strategy.

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