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What else can I help you with?
Do I need the credit card to return an item?
In most cases, you will need the credit card used for the purchase to return an item.
Is it possible to return money to a credit card?
Yes, it is possible to return money to a credit card by making a payment to the card issuer.
What happens if I return something I bought with a credit card?
If you return something you bought with a credit card, the merchant will typically refund the purchase amount back to your credit card. This will result in a credit on your credit card statement, reducing the amount you owe.
Can you purchase an item with a credit card and then return it for cash?
No, you cannot typically purchase an item with a credit card and then return it for cash. Most stores will only refund the amount back to the credit card or provide store credit.
Can you explain how a return works on a credit card?
A return on a credit card happens when you return a purchased item to the store. The store refunds the amount back to your credit card, reducing your balance. This can help you get your money back for items you don't want or need.
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
Say I make a purchase at a store and later on have to return the item. Does it hurt my credit if I return the purchased item Does it matter if money is credited on card or returned in cashstore cr?
No, it does not hurt your credit. No, it doesnt matter, when you return an item that you purchased on credit, they ask for your card and return the money onto your credit card!
Do I need the credit card to return an item?
In most cases, you will need the credit card used for the purchase to return an item.
Is it possible to return money to a credit card?
Yes, it is possible to return money to a credit card by making a payment to the card issuer.
What happens if I return something I bought with a credit card?
If you return something you bought with a credit card, the merchant will typically refund the purchase amount back to your credit card. This will result in a credit on your credit card statement, reducing the amount you owe.
Is accounts payable a debit or a credit on a trial balance?
Accounts payable's normal entry is credit. when it is at the debit side it could mean: reversal of accounts payable which happens at the end of accounting period, or return of merchandise purchased, or overstatement of purchased merchandise.
Can you purchase an item with a credit card and then return it for cash?
No, you cannot typically purchase an item with a credit card and then return it for cash. Most stores will only refund the amount back to the credit card or provide store credit.
Can you explain how a return works on a credit card?
A return on a credit card happens when you return a purchased item to the store. The store refunds the amount back to your credit card, reducing your balance. This can help you get your money back for items you don't want or need.
What happens if you return something you bought with a credit card?
When you return something you bought with a credit card, the amount you paid for the item is typically refunded back to your credit card account. This can help reduce your credit card balance or provide you with a credit for future purchases.
What is the balance for purchase return and allowances?
CREDIT
Is return inwards a debit or credit?
Debit
