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A credit return is when you get your funds returned to you after already paying for something. Credit returns are also sometimes called refunds.
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∙ 9y ago
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What does it mean to credit a source?
give credit to something
What does a 499 credit score mean?
bad credit
How do you obtain homebuyer credit?
If you are talking about the first time homebuyer credit, you will be able to receive this credit if you purchased a home between 2008-2010. To claim your credit you must do some through your annual tax return.
What does a credit score of 9002 mean?
That you don't have established credit.
What does direct credit mean?
Direct credit is a representation of credit that is sourced from the entity that provides the funds.
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!
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.
Is return inwards a debit or credit?
Debit
What is the balance for purchase return and allowances?
CREDIT
What is journal entry for sales return?
[Debit] sales return [credit] cash / bank
What is the journal entry for sales return?
[Debit] Sales Return account [Credit] Cash account
Journal entry of sale return?
[Debit] Sales Return [Credit] Accounts receivable / Cash
What is the credit score you start off with if you have no credit?
If you don't have credit, you **can't** have a score, since they are solely based on your use of your credit. The bureaus return a report saying "no credit information on file".
In Michigan can a credit card company seize your tax return?
No.
What is the journal entry for goods return?
If sales goods returned: [Debit] Sales account xxxx [Credit] Sales Return account xxxx if purchase goods returned: [Debit] Purchase return xxxx [Credit] Purchases account xxxx
