How to record: Product purchased and returned for refund
emailgrant at gmail.com
Sun Oct 29 11:34:07 EST 2006
> In the same account. The first would be:
> Checking -> Expense
> The refund would be:
> Expense -> Checking
> (Or Credit Card, or whatever)
Yes, that makes perfect sense. Thanks Derek.
> > How do you guys record the debit and credit when you purchased
> > something and returned it for a refund? It seems like it shouldn't be
> > recorded as an expense or as income, but how should the debit and
> > credit be assigned?
> > - Grant
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