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A process in the industry where a wholesaler needs an amount that is the difference among the manufacturer's price to the wholesaler and the contract price to the resale customer. The real chargeback happens when the wholesaler sells the manufacturer's product at contract price that is under wholesaler acquisition cost (WAC). Especially evident in pharmaceutical industry. In electronic commerce, a charge back is a reversal of a credit card transaction, which is generally initiated by the card issuer as requested by the cardholder. It may also be requested by the merchant. Charge backs generally occur due to fraudulent activity on the card (real / perceived), due to customer disputes, or from other authorization issues.
meaning and scope of cost accounting
Blox ($) Shapez ($) Direct material per unit 10 23 Direct labour per unit 19 32 Manufacturing overhead per unit 7 10 Selling & Admin. expenses per unit 17 31 T
i want to understand everything about contract account
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