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Credit to the customer.
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Is a refund a debit or credit in accounting?
debit
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].
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
When a customer pays on their account is it a credit or a debit to the customers account?
debit a/r credit cash
What is the meaning of debit and credit note?
Debit Note - Money being taken out such as invoiced or charged Credit Note - Money being given back such as refund or over payment.
Is a refund to a credit card a debit or credit?
Debit
Is a refund a debit or credit in accounting?
debit
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].
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
When a customer pays on their account is it a credit or a debit to the customers account?
debit a/r credit cash
When processing a refund to a customer in sap for overpayment is the entry a debit entry?
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What is the meaning of debit and credit note?
Debit Note - Money being taken out such as invoiced or charged Credit Note - Money being given back such as refund or over payment.
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.
Journal entry for returned goods by customer?
[Debit] Sales returns [Credit] Cash / bank [debit] Sales revenue [credit] sales return
Billing a customer for work done journal entry?
Debit Receivables Credit Income/Sales when cash is received: Debit Cash Credit Receivables
What accounts are affected when you receive 550 from a customer for future services?
Debit - Cash. Credit - Customer Deposits.
Is a credit issued to a customer a debit or credit to Accounts Receivable?
Accounts Receivable is classified as an Asset. Assets have a normal Debit balance. If you mean to say that the customer has paid off some of the amount in their account, then the amount is listed on the Credit side and in the Debit side of the Cash account. If they have bought supplies on the account (owe you money) then the amount is put into the Debit side.
