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Return it to who? The truck is owned by the bank or lending institution. Returning it to them would for sure ruin your credit with that bank. You will also be responsible for the difference in what the bank sells the vehicle for and what you owe. Don't do it. Let someone take over the payments if you are in a bind and are unable to keep up payments. Talk to the lending agency and work something out. It is very easy to ruin your credit and not so easy to repair.
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What is the other name for sales return or return inward?
Credit note issued
How do you account cash sales return?
[Debit] Sales return [Credit] Cash /bank [Debit] Sales [Credit] Sales return
Can you return a used car to the dealer without it hurting your credit?
Yes, you can, if you're returing under a warranty. Warrnanties make you able to return the car whenever you want.
What is mean by credit return?
A credit return is when you get your funds returned to you after already paying for something. Credit returns are also sometimes called refunds.
I have a car for 2 yrs now and is not fully paid but i want to return it will returning it affect my credit?
You can't just "return" a car. You can surrender it to the lienholder. This is called a voluntary repossession, and yes, it will affect your credit ... it's still a repossession, even though it was voluntary.What you could do without negatively affecting your credit is sell it or trade it in.
The Lend-Lease Act was Roosevelt's way of getting arms to Britain without Britain having to?
Return them after the war
What is the balance for purchase return and allowances?
CREDIT
Is return inwards a debit or credit?
Debit
May you exchange an item without your receipt?
Some places allow you to return or exchange an item without a receipt. Others absolutely refuse. A few will allow you to exchange an item for in-store credit without a receipt.
What is journal entry for sales return?
[Debit] sales return [credit] cash / bank
What do you mean by financial scam?
It's when someone is trying to trick you into giving them money without getting anything (as valuable) in return.
In the outsiders what three problems did the three brothers face after Ponys return?
what three problems did the brother face after Pony return
