- World's Largest Collection of Interview Questions
Start Your Own website Now
Sponsored Links

Interview Questions
Our Services

Get 9,000 Interview Questions & Answers in an eBook.

  • 9500+ Pages
  • 9000 Question & Answers
  • All Tech. Categories
  • 14 MB Content

    Get it now !!

    Send your Resume to 6000 Companies

    Question :
    What is chargeback?
    Category Cost Accounting Interview Questions Interview Questions
    Rating (0.5) By 275 users
    Added on 8/28/2009
    Views 1738
    Rate it!

    A process in the industry where a wholesaler requests an amount that is the difference between the manufacturer's price to the wholesaler and the contract price to the resale customer.

    The actual chargeback occurs when the wholesaler sells the manufacturer's product at contract price that is below 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 usually initiated by the card issuer as requested by the cardholder. It may also be requested by the merchant. Charge backs usually occur due to fraudulent activity on the card (real or perceived), due to customer disputes, or from other authorization issues.

    From a Banking point of view, the term chargeback totally differs. Whenever customer faces any issues or problem with his balance like "wrong debit to his a/c or if he has been debited twice for a single transaction", he might raise a dispute narrating his issue, which is called "CHARGEBACK".

    Posted by: Aswin    

    Contact Aswin Contact Aswin

    If you have the better answer, then send it to us. We will display your answer after the approval.
    Rules to Post Answers in

  • There should not be any Spelling Mistakes.
  • There should not be any Gramatical Errors.
  • Answers must not contain any bad words.
  • Answers should not be the repeat of same answer, already approved.
  • Answer should be complete in itself.
  • Name :*
    Email Id :*
    Answer :*
    Verification Code Code Image - Please contact webmaster if you have problems seeing this image code Not readable? Load New Code
    Process Verification  Enter the above shown code:*
    Inform me about updated answers to this question

    Related Questions
    View Answer
    What is CMMI?
    View Answer
    What is CMM?
    View Answer
    Explain the information about cost sheets?
    View Answer
    Explain some of the methods used to allocate support costs?
    View Answer
    What is the difference between Expenses and Expenditure?
    View Answer
    Tell me about your experience in cost accounting?
    View Answer
    Wat is BEP in Cost Accounting?
    View Answer
    What is the cost sheet?
    View Answer
    What is Cost Accounting?
    View Answer
    Tell me the information about cost sheets.
    View Answer
    what does the name costing mean and what are the importance of costing?
    View Answer
    why is interest on loan not included in cost sheet ?
    View Answer
    What is difference between cost accounting and financial accounting?
    View Answer
    how to make a table for to calculate the prime cost,factroy cost,total cost of production and cost of sales
    View Answer
    Explain cost sheet?
    View Answer
    What is the difference between Expenses & Expenditure ?
    View Answer

    Please Note: We keep on updating better answers to this site. In case you are looking for Jobs, Pls Click Here - Best Freshers & Experienced Jobs Website.

    View ALL Cost Accounting Interview Questions Interview Questions

    User Options
    Sponsored Links

    Copyright ©2003-2015, All Rights Reserved.
    Privacy Policy | Terms and Conditions

    Download Yahoo Messenger | Placement Papers| FREE SMS | ASP .Net Tutorial | Web Hosting | Dedicated Servers | C Interview Questions & Answers

    Testing Articles | Testing Books | Testing Certifications | Testing FAQs | Testing Downloads | Testing Interview Questions | Testing Jobs | Testing Training Institutes

    Cache = 0.125 Seconds