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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].
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∙ 10y ago
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Accounting treatment for customer advanced deposit?
Its a liability, an amount your company owe to that customer.
Is a refund a debit or credit in accounting?
debit
Is refund to customer debit or credit?
Credit to the customer.
A customer brings in an item for refund The price on the item is 4.80 and the tax is 5 percent How much including tax should the cashier refund to the customer?
The refund amount would be 5.04
What is the accounting treatment for reimbursement?
The accounting treatment for reimbursement will be an expense to the organization. This will be credited on the cash book which indicates that the company has paid out money.
Accounting treatment for customer advanced deposit?
Its a liability, an amount your company owe to that customer.
Is a refund a debit or credit in accounting?
debit
Is refund to customer debit or credit?
Credit to the customer.
A customer returns 16 empty pop cans for refund The refund amount is 10 cents per can How much refund should the customer receive?
50
How do you spell efund?
I believe the word you want is refund. The customer asked for a refund.
A customer brings in an item for refund The price on the item is 4.80 and the tax is 5 percent How much including tax should the cashier refund to the customer?
The refund amount would be 5.04
How do you refund?
Account 120360606 cancel and refund hosting customer number 120644585 RM263,88 ( 1 year )
What would you say to a customer who just requested a refund?
if i got the permition from my boss than i will refund . but if iam not than i will say sorry it cannot be refund .
What is the accounting treatment for reimbursement?
The accounting treatment for reimbursement will be an expense to the organization. This will be credited on the cash book which indicates that the company has paid out money.
How Do I Get a Refund from Justfly?
To initiate a refund from JustFly, contact their customer service at +1 (888) 362-0647. They will guide you through the refund process and assist you with your request.
Which note is sent to customer when he returns the goods?
A refund check is a note sent to a customer when he returns the goods.
How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?
How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?
