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How long after debit memo posts on your university of Phoenix account do you get your refund?
This varies not only from person to person, but school to school. I attend DeVry University online, once I have a credit balance (meaning they owe me money in excess of what was paid for tuition etc) in my account they legally have 14 "business" days to send out the refund. Note business days are Monday-Friday, so this is nearly 3 weeks.
Most of the time I have noticed that they generally try to get it out sooner and the longest I've had to wait for a refund was about 7 days. But as I stated, they legally have 14 "business days" in which to refund any money due to you.
What else can I help you with?
When using Journal Entries for Refund Debit AR credit Sales What is the account that the check would offset?
When goods refund:[Debit] Sales returns[Credit] accounts receivable / cashAdjusting entry:[Debit] sales revenue[Credit] Sales returns
Is a refund a debit or credit in accounting?
debit
Is there a way that my income tax return can be placed directly to a debit card?
If your debit card is linked to a bank account, then yes, you can have your refund deposited directly into the bank account. Otherwise... I'm not sure. If there's a routing number and account number (not just the card number) associated with your debit card, then I wouldn't see why not.
What is the journal entry to record a refund?
Debit refund accountCredit cash / bank
Do debit cards debit your account?
Yes, your account is debited when you use a debit card.
How long after debit memo posts on your university of Phoenix account do you get your refund if you are near graduation?
Usually 3-5 business days
When using Journal Entries for Refund Debit AR credit Sales What is the account that the check would offset?
When goods refund:[Debit] Sales returns[Credit] accounts receivable / cashAdjusting entry:[Debit] sales revenue[Credit] Sales returns
Is a refund a debit or credit in accounting?
debit
How can I request a refund for my Amazon Prime subscription to be credited back to my debit card?
To request a refund for your Amazon Prime subscription to be credited back to your debit card, you can contact Amazon customer service either through their website or by calling their support line. Provide them with your account details and explain that you would like a refund for your subscription. They will assist you in processing the refund back to your debit card.
Is a refund to a credit card a debit or credit?
Debit
How should I create a journal entry to record an income tax refund?
To create a journal entry for recording an income tax refund, debit the cash account for the amount of the refund received and credit the income tax refund account. This will accurately reflect the increase in cash and the corresponding decrease in the income tax refund liability.
What is the opposite of refund?
Debit
Is there a way that my income tax return can be placed directly to a debit card?
If your debit card is linked to a bank account, then yes, you can have your refund deposited directly into the bank account. Otherwise... I'm not sure. If there's a routing number and account number (not just the card number) associated with your debit card, then I wouldn't see why not.
How to properly record a tax refund in accounting?
To properly record a tax refund in accounting, you would debit the cash account to increase it and credit the income tax expense account to reduce it. This reflects the refund as income received and reduces the expense previously recorded for taxes paid.
Why does it take so long to receive a refund on a debit card?
It takes time to receive a refund on a debit card because the process involves multiple steps, including verification by the merchant, processing by the bank, and posting to your account, which can all take time to complete.
What is the proper journal entry for recording a tax refund in the company's financial statements?
The proper journal entry for recording a tax refund in the company's financial statements is to debit the cash account and credit the income tax refund account. This reflects the increase in cash from the refund and properly records the transaction in the company's financial records.
Does anyone know how long it takes to get excess refunds from university of phoenix to get into your personal bank account. I had opted for direct deposit. It already shows debit memo on my school ac?
If it already shows "debit memo," then there is only a 2 - 3 day wait from that point, excluding weekends . . .
