sales return
A credit is an amount of money that can be applied towards future purchases, while a refund is money that is returned to you for a previous purchase that you no longer want or need.
Gross Profit
The coupon codes you find can be used at checkout when making online purchases. They will be applied to the overall shopping cart and be the discount applied.
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To use your Lowe's merchandise credit online, simply shop on the Lowe's website and proceed to checkout. During the payment process, enter the code from your merchandise credit in the designated field. The credit amount will be applied to your total purchase.
Yes, 24 Hour Fitness sells gift cards that can be applied to membership fees. The gift cards can also be applied to merchandise purchased from the gym's shop.
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No, you cannot use a Cabela's gift card to pay on a Cabela's charge account. Gift cards are typically meant for purchases of merchandise and cannot be applied to credit card balances or other financial accounts. To pay off a Cabela's charge, you would need to use a bank account, debit card, or another accepted payment method.
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Like sales discounts, sales returns and allowances reduce sales revenue. They also result in additional shipping and other expenses. Since managers often want to know the amount of returns and allowances for a period, the seller records sales returns and allowances in a separate account. Sales Returns and allowances is a "Contra (or offsetting) asset account to Sales. The seller debits Sales Returns and Allowances for the amount of the return or allowance. If the original sale was on account, the seller credits Accounts Receivable. Since merchandise inventory is kept up to date in a perpetual system, the seller adds the cost of the returned merchandise to the merchandise inventory account. The seller must also credit the cost of returned merchandise to the cost of merchandise sold account, since this account was debited when the original sale was made. What if the buyer pays cash and then later returns the merchandise. In this case the seller may issue a credit and apply it against other accounts receivables owed by the buyer, or the cash may be refunded. If the credit is applied against the buyer's other receivables, the seller records entries similar to those preceding. If cash is refunded for merchandise or for allowances, the seller debits sales returns and allowances and credits cash.
You need to know the amount of force applied to an object and the distance over which the force was applied in order to calculate the work done in any situation. Work is calculated as the product of force and the distance over which the force is applied, given by the equation work = force × distance.