Generally they do as long as the item is within the warranty period.
Debit refund accountCredit cash / bank
Is it right that I debit the refund to [Sales returns] and credit it to [Cash at bank]? But the answer given by my teacher is that the refund is debited to [Trade receivables] and credited to [Cash at bank].
No.
Debit cash refundCredit expenses
Yes, the transaction of returning defective supplies and receiving a cash refund would typically be recorded in the Cash Receipts Journal. The entry would involve debiting the accounts payable or purchases returns account for the amount of the defective supplies and crediting the cash account for the amount of the refund received.
You can not.
if they feel like it
Differs on the cash refund.
A cash voucher is a piece of paper that can be used in place of cash. These are often given as gift certificates or refund checks from stores.
center link owns it
No one will or should cash your state refund check or any check for that matter without a valid non-expired picture id or ids.
When you take back an item that you purchased, they give you cash back (instead of a gift card to that store).