Answer / aniruddha

Discount is the one which all the customers can get but
rebate is a special discount paid retroactively to a
customer once he achieves sales volume in a given period of
time.

Answer / tripathi

Discount is applicable, when we create a sales order and
rebate when we save the billing document. Rebate is a
agreement between Sales Org. and Bill to party to purchase
the material within a period and value, it will settle
retroactively. For Rebate condition type we enter Acc. Key
ERB and ERU for Accrual in pricing procedure.
T_Code for Rebate VBO1

Answer / kris

rebate is the special discount given to the customers based
on the sales volume for a certain period of time and paid to
the customer retroactively

discount is not based on the sales volume

Answer / akshay gupta

rebate means an amount have paid in advance to income tax
department and can recieve the deduction in respect of tax
liability.
discount mean an amonut to promote the sale or recover
money fastly or reduce the price for sale in or purchase in
bulk.

Answer / gunjan rathi

Discount is a marketing promotional tool which is used to end the seasonal stock. It is always given on less than the listed price.It is a regular based activity.

Whereas rebate is a sales promotional tool which is given occasionally i.e., on Deepawali, on any other festival etc. It is generally used to increase our sale and to end the addtional stock.

Answer / vineet

discount is something which is allowed by a seller before
the sale.the seller will get the amount after the disconted
amount.whereas rebate is just opposite of it, it is given
when u already have paid and on the disdretion of seller
they will pay the amount back after rebating the amount.

Answer / s

The differences are:
1. Rebate is an outline agreement based on the previous
sales of the customer and is for long term.
2. The settlement of rebate is by CREDIT MEMO and could be
partial or final, but the discount is given then and there
in the sales order.

Answer / pravallika

Rebate is given on sales volume (of customer) over a specific period of time. It is paid retroactively to the customer.
Whereas discounts are given on spot and are processed through sales order.

Answer / rudhesh

Rebate:an incentive to be given to a customer .clubbed with qty purchased by a customer within the period specified (say one month)-conditional.

Discount:unconditional,to be given to a customer on account of heavy purchase by one single billing.-From the price List(Base price).

Answer / abhinav goel

Rebate is a form of discount created with a fixed amount for a specific/non-specific person,Discount is mainly in percentages(can be in amount)

eg.,if mohan buys 3 bottles of beer he will get 10% discount(discount)
but if he buys any no. of bottles exceeding 2 he will enjoy 2 bucks off on every succeeding unit(rebate)

Is accural account part of G/L account or are they separate accounts?

4 Answers   TCS,

Have you worked on any Functional Specification doc recently? Have you done any development work/ assignment recently? The Interviewer asked me this question in an recent interview. Please give examples from your real time/ live data project along with detailed procedure/ work mechanism and explanation along with path and t-codes if any? Please answer this question asap.... Its Urgent.... Looking forward for your express reply...I have interview within 1-2 days. So, give reply to this query asap.. I would be very grateful to you for your timely help.Thanks in advance. Regards

0 Answers   ITC Infotech,

Explain how you can assign distribution channel to sales organization?

1 Answers  

when we create a sales order system should pick up route schedule but system not picked up. i have done all settings like scheduling with route schedule by shipping point, sales doc type and delivery type. maintained the unloading point and goods receiving hours in CMR and created route schedule master data. can anyone explain this process?

1 Answers  

Explain sales document blocking?

0 Answers  

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2 Answers   Cap Gemini,

Outline the process flow for sales returns.

0 Answers  

difference between iten cat and general item categary? thanking you in advance

5 Answers   TCS,

What are the different Distribution channels & Divisions your client is having?

2 Answers   ITC Indian Tobacco Company, ITC Infotech,

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1 Answers   TCS,

What is Replenishment lead time?

3 Answers  

What is the t code to create process code

1 Answers   Cap Gemini,