ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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CONTRA REVENUE ACCOUNT Definition
CONTRA REVENUE ACCOUNT is an account that is offset against a revenue account on the income statement.
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REBATE is a. payment to a customer upon completion of a purchase as an inducement or sales promotion tactic; b. unearned interest refunded to borrower if the loan is paid off prior to maturity; c. amount paid back or credit allowed because of an over-collection or the return of an object sold (i.e., a refund).
OPERATING MARGIN is the ratio of operating income to sales revenue.
