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No - no more than the balance of your credit card does. Individual returns are not reflected on your credit report, only the balances of cards, high limits, etc.
What else can I help you with?
Can you process returns on a credit card?
Yes, we can process returns on a credit card.
Can you make returns on a credit card?
No, you cannot make returns on a credit card. When you return an item purchased with a credit card, the refund is typically issued back to the same card or as a store credit.
Does bad credit score in the US effect the credit score in Canada?
Technically, no. The Canadian credit bureau does not share information with the US credit bureaus. However, a Canadian creditor can certainly check with a US credit bureau to check your credit history.
Can you explain how returns on credit cards work?
Returns on credit cards refer to the rewards or cash back that cardholders earn when they make purchases using their credit card. These returns are typically a percentage of the amount spent and can be redeemed for various rewards such as statement credits, gift cards, or merchandise. The more you spend on your credit card, the more returns you can earn.
If you move from Canada to the US and have bad debt in Canada will it effect your credit in the US?
When a Canadian moves to the U.S. their credit history in Canada is irrelevant. They will have no credit in the U.S. though, which can be worse than having bad credit. hi
Can you process returns on a credit card?
Yes, we can process returns on a credit card.
What do you debit and credit for purchase returns?
Debit the supplier Credit the Purchases Returns account
Will returning item bought on a credit card affect your credit history?
No. The merchant may drop you from his preferred customer list if he notices a lot of returns, but the credit card company doesn't care.
Is purchases returns a debit or credit balance?
It's a credit - if a company buys something - then returns it, they get credited with the money they have spent.
Can you make returns on a credit card?
No, you cannot make returns on a credit card. When you return an item purchased with a credit card, the refund is typically issued back to the same card or as a store credit.
What account is debited when a company returns merchandise to a vendor on credit?
credit
Can you explain how returns on credit cards work?
Returns on credit cards refer to the rewards or cash back that cardholders earn when they make purchases using their credit card. These returns are typically a percentage of the amount spent and can be redeemed for various rewards such as statement credits, gift cards, or merchandise. The more you spend on your credit card, the more returns you can earn.
Does bad credit score in the US effect the credit score in Canada?
Technically, no. The Canadian credit bureau does not share information with the US credit bureaus. However, a Canadian creditor can certainly check with a US credit bureau to check your credit history.
If you move from Canada to the US and have bad debt in Canada will it effect your credit in the US?
When a Canadian moves to the U.S. their credit history in Canada is irrelevant. They will have no credit in the U.S. though, which can be worse than having bad credit. hi
What is sales returns and allowances classified as?
An income account. Debit Returns & Allowances, Credit Cash.
Sales Returns and Allowances normal balance?
credit
What is the original document for sales returns?
Credit note
