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Is refund to customer debit or credit?
Credit to the customer.
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.
How can I receive an Amazon refund to a cancelled debit card?
To receive an Amazon refund to a cancelled debit card, you will need to contact Amazon customer service and provide them with the new debit card information or request the refund to be issued in a different form, such as a check or Amazon gift card.
How can I request a refund from McDonald's to be credited back to my debit card?
To request a refund from McDonald's to be credited back to your debit card, you can visit the McDonald's location where you made the purchase and speak with a manager or staff member. Provide them with your receipt and explain the reason for your request. They will assist you in processing the refund back to your debit card.
What is the accounting treatment for a refund to customer?
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].
What is the journal entry when you make a deposit?
You would debit cash and credit the applicable account. examples: 2000.00 debit. cash and 2000.00 credit accounts receivable for a payment that was received from a customer. 500.00 debit cash and 500.00 credit supplies for overpayment on supplies.
Is a refund a debit or credit in accounting?
debit
What is credit and debit note in tally?
Credit authorization scheme.Debit Memo - It is a sales document used in complaints processing to request a debit memo for a customer. If the prices calculated for the customer were too low.
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.
Is a refund to a credit card a debit or credit?
Debit
What is the opposite of refund?
Debit
What is the journal entry for overpayment of payroll taxes?
debit payroll taxesCredit cash
