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What is the proper tax refund accounting entry to record the return of excess taxes paid by a company?

The proper tax refund accounting entry to record the return of excess taxes paid by a company is to debit the cash account for the amount of the refund received and credit the income tax expense account to reduce the tax expense recorded.


Can I get a refund on my credit card?

Yes, you can request a refund on your credit card for eligible purchases or transactions. Contact the merchant or your credit card issuer to initiate the refund process.


What happens if you get a refund on a credit card with no balance?

If you receive a refund on a credit card with no balance, the refund amount will typically be credited to your account as a negative balance. This means you will have a credit on your account that can be used towards future purchases or you can request a refund of the credit balance from the credit card issuer.


What is the impact of non-refundable tax credit withholding on my overall tax liability?

Non-refundable tax credit withholding reduces the amount of tax you owe, but if the credit is more than your tax liability, you won't get a refund for the excess amount.


How can I request a refund for my United travel credit?

To request a refund for your United travel credit, you can contact United Airlines customer service and provide them with your travel credit information and details of your request. They will assist you in processing the refund for your travel credit.


Is refund to customer debit or credit?

Credit to the customer.


Is a refund to a credit card a debit or credit?

Debit


Is it possible to receive a refund directly to a credit card?

Yes, it is possible to receive a refund directly to a credit card.


How can I request a refund on my credit card that has no balance?

You can request a refund on your credit card with no balance by contacting the merchant or store where you made the purchase. They can issue the refund directly to your credit card, even if it has a zero balance.


How can I request a refund on a credit card that has no balance?

To request a refund on a credit card with no balance, you can contact the merchant or store where you made the purchase and ask for a refund to be issued to your credit card. They may be able to process the refund directly to your card, even if it has a zero balance.


How can I request a refund to a different credit card?

To request a refund to a different credit card, you should contact the company or merchant from which you made the purchase and provide them with the details of the new credit card you would like the refund to be issued to. They will typically be able to assist you with updating the refund information to the new credit card.


What happens when you get a refund on a credit card with a zero balance?

When you receive a refund on a credit card with a zero balance, the refund amount will typically be added as a credit to your account. This credit can be used towards future purchases or you may request a check for the refunded amount.