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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
Is a refund to customer on the credit side of recivable ledger control account?
No, a refund to a customer is recorded on the debit side of the receivable ledger control account. This is because a refund decreases the amount owed by the customer, reducing the overall receivables. On the credit side, you would typically record sales or payments received.
Accounting treatment for customer advanced deposit?
Its a liability, an amount your company owe to that customer.
What is an AR refund?
An AR refund, or Accounts Receivable refund, refers to the process of returning funds to a customer who has overpaid or returned a product. This typically occurs when a business issues a credit for a sale, resulting in a negative balance in the customer's account. The refund is then processed to reimburse the customer, often impacting the company's financial records to reflect the transaction accurately. It's an important aspect of maintaining customer satisfaction and ensuring accurate accounting practices.
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 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.
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 .
Have you still not received your refund from booking.com?
If you have not yet received your refund from booking.com, please contact their customer service for assistance.
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.
