ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -A voucher code can be used only for a single reservation. Coupons, on the other hand, are purchased INDEPENDENTLY of a reservation and can be used for a number of reservations, until the coupon’s credits are used up.

Detailed explanation-2: -Coupon amounts will not be refunded when items are returned as they have NO CASH value. This means, if you apply a coupon to your order, the value amount will automatically be deducted from your first return. Orders placed primarily with coupons cannot be returned for refund.

Detailed explanation-3: -You cut coupons out of newspapers and magazines, take them to the store and use them to get discounts on certain products. A coupon is the same as cash. For example, if you have a $1.00 off coupon on a box of cereal, the cashier takes the coupon as though it were cash.

Detailed explanation-4: -That is to say, the supplier has received the advance payment and issued the Receipt Voucher for which the supply of goods or services gets canceled. In such a case, the supplier needs to refund the advance amount received and issue a refund voucher to the recipient.