DiscountDiscount will be given for Credit customers like if you pay within one week 10%, within 15 days 5% and more than 15 days no discount.Deduction from the face amount of an invoice, made in advance of its payment.
Trade Discount
A trade discount is the amount by which a manufacturer reduces the retail price of a product when it sells to a re-seller, rather than to the end customer.The trade discount reflects the re-seller's profit margin and usually varies directly with the quantity of the item purchased.Rebate is like buy for 100/- and pay only USD 95/-.
Rebate
Return of a portion of a purchase price by a seller to a buyer, usually on purchase of a specified quantity, or value, of goods within a specified period. Unlike discount (which is deducted in advance of payment), rebate is given after the payment of full invoice amount.
Trade Discount
A trade discount is the amount by which a manufacturer reduces the retail price of a product when it sells to a re-seller, rather than to the end customer.The trade discount reflects the re-seller's profit margin and usually varies directly with the quantity of the item purchased.Rebate is like buy for 100/- and pay only USD 95/-.
Rebate
Return of a portion of a purchase price by a seller to a buyer, usually on purchase of a specified quantity, or value, of goods within a specified period. Unlike discount (which is deducted in advance of payment), rebate is given after the payment of full invoice amount.
