Interested to Buy Any Domain ? << Click Here >> for more details...
Hi,
Please tell me what are accounting effects will take place
after the rebates are processed?
- 2 Answers
- 6795 Views
- Bosch, I also Faced
- E-Mail Answers
Answer Posted / syed rafi,version it technolog
Actually Rebate is a agreement discount between customer &
company.
At the end of the agreement company has to pay the rebate
amount,only if customer fullfill the agreement.
after updated the rebate value in VBo2.
Generally accepted accounting principles state that rebates
are a reduction in sales, not a selling expense. Therefore,
companies must account rebates when selling goods. For
example, a company sells widgets for $5 each. A planned 20
percent rebate is coming to induce higher sales. The
company sells $100,000 in widgets after the rebate takes
effect. The company must record $80,000 in sales and
$20,000 in liability for rebate claims in the general
ledger.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
How is credit control determined in sap?
How can you tell if a transport entry is in the process of being imported in sap ? : transportation management
What does a/c group control customer?
What are the various sections of the 'customer master record'?
How would you configure ‘partner determination procedure’? Explain
What do you understand by sales order processing?
Is it possible to create sales order for 40 items if the quotation is sent for 30 items?
A 'plant' is assigned to which of the entities in the sd organization?
pl tell me 3/4 gaps peculiar to any one industry with there solution plz its very urgent
What is the client-specific data?
What is delivery document?
Trouble4 shooting , handiling issues with different level of priorties
What are the main and sub modules in sap?
What is the structure of delivery document?
131. Are you familiar with billing output determination? Suppose if I’m creating an invoice, and I want to print out the output of the invoice, how would I do that? Are you familiar with any output that prints out SAP for that invoice so further delivery for example, in delivery you have backing slips delivery....
