A wholesale customer returned merchandise having already paid for it within the cash discount period.The return will be recorded with:

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When merchandise is returned by a customer who has already paid for it within the cash discount period, the seller needs to refund the customer or adjust the customer's account. This is typically done by crediting an asset account, specifically the Cash account (if cash is refunded) or Accounts Receivable (if the amount is credited to the customer's account for future purchases). This action decreases the seller's assets, reflecting the return of funds or credit to the customer.

A Wholesale Customer Returned Merchandise Having Already Paid for It