Does the vendor refund credit for defective return go against COGS?

QuickBooks Help QuestionsDoes the vendor refund credit for defective return go against COGS?
Adam asked 3 years ago

Does the vendor refund credit for defective return go against COGS in QBO?

admin Staff replied 3 years ago

Yes, if the original transaction was recorded to COGS account. Normally, credit should also be recorded in the same way.

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