Question

what is rebate in accounts
​

Answer 1

Answer:

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. See also refund.

Answer 2

Answer:

Hello❤

A rebate is a discount given to a customer at the time of purchase, or money sent to a customer after they've paid the full price.