Please explain:
Rebates?
Contracts?
Credit Management?
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Answer Posted / mahesh
A Rebate is a special Discount which the party gets apart
from the other discounts. A rebate will have certain
parameters like validity period and min, and maximum
purchasing qty.
A contract is a kind of agreement between a seller and
purchaser or between an organisation and customer.
Contract r few types like( In nutshell)
1.Quantity Contract
2.Value Contract
3.Service Contract
4.Master Conract.
Credit Management is kind of process to post the value for
concerned in to the conceened GL Account. Ex. All domestic
Sales in to one GLAccount and All Exports sales in One
GLAccount and All Cash sales in One GLAccount like...
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