Instead of allowing a discount on its invoice, an electronics manufacturer keeps a record of the volume of stereo components purchased and issues the retailer a cheque at a later date. This practice is called a
A) bill back.
B) future allowance.
C) delayed discount.
D) cheque back.
E) timed payback.

Question

Quizplus · Accepted Answer

A bill back is a practice where a manufacturer keeps track of purchases and issues a rebate or cheque to the retailer at a later date instead of providing an immediate discount.

Instead of Allowing a Discount on Its Invoice, an Electronics