Rebate ... what does it mean ?

[Kevin T. Broderick]

On 21 Jun 2005, at 1:47 PM, Kevin T. Broderick wrote:
[CHOMP] on my prior email regarding rebates vs. expenses and debits  
vs. credits

Well, after someone was kind enough to point out off-list that I've  
got "debit" vs. "credit" reversed, I'd like to point out for the  
benefit of the list (and the archives) that my prior email generally  
makes sense if you replace every instance of "debit" with "credit"  
and every instance of "credit" with "debit."  Debits, which appear in  
the left column, increase the balance in an account; credits, which  
appear in the right column, decrease it.

(reference in the manual, scroll down to "Accounting Terminology")
http://www.gnucash.org/docs/v1.8/C/gnucash-guide/ 
basics_entry1.html#basics_dbentry2

Kevin Broderick / kbroderick at smcvt.edu