If a seller makes payments to a customer to purchase goods and services,and those payments are equal to the stand-alone selling prices of those goods and services,part of those payments are a refund to the customer.

Question

Quizplus · Accepted Answer

If the seller makes payments to a customer that are equal to the stand-alone selling prices of the goods and services, then it is not considered a refund. Instead, it is a form of discount or promotional offer. A refund implies that the customer is being reimbursed for a portion of the amount they had paid earlier.

If a Seller Makes Payments to a Customer to Purchase