[GNC] Credit Card Rewards Refund

[Michael or Penny Novack]

Perhaps historical perspective might help, especially with businesses, 
because might want to treat the same way as when invoices typically were 
like this, except conditional on when paid.

I have no idea how accrual treats this (would have treated this) when in 
the old days a vendor might send an invoice like this:

Immediate, 2% discount, 30 days net, else 1% per month.

I am old enough to remember those days. Assuming the accrual system 
treated the "30 days net" as normal, what was done if paid immediately? 
That closely resembles the situation of credit card rebates on 
purchases. As to the argument wanting to  distribute to reduce all 
expenses  paid during that billing period, is that also being done in 
reverse with interest charges (if any -- often a business credit card is 
not intended as a source of credit and balance paid each month -- and 
SOME people ca manage that with their personal credit cards too)


Michael D Novack