A purchase return paid for by credit card is recorded as a Vendor Credit.

Name: A purchase return paid for by credit card is recorded as a Vendor Credit.
Brand: Quizplus
Rating: 4.9 (52 reviews)

Question

Quizplus · Accepted Answer

A purchase return paid for by credit card is typically recorded as a credit to the credit card account or a refund transaction, not as a Vendor Credit. Vendor Credits are usually used to record returns or allowances when purchases are made on account (not paid immediately with a credit card).

A Purchase Return Paid for by Credit Card Is Recorded