9354
Returns
10/16/09 10:52 AM, Viewed by asker 10/22/09 4:28 PM
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Total Views: 54
I have to return something for my expenses account after 2 months of purchased, the return is in cash that goes to my register. Can the expenses account be used?
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Answer
10/30/09 10:08 AM
Yes the expense account should be used. Create a deposit for the money received from the refund. Assign the expense acct number to the deposit. This will reduce the expense account charges by the amount of the refund. Be sure to use the memo field to explain and document the vendor, reason, etc.
