Banking
Card Chargeback — Dispute Processed
Processing a cardholder dispute that results in reversing the original transaction.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Card Interchange Income (Reversal) | Revenue (-) | 100.00 | - |
| Credit Card Receivables (Reversed) | Asset (-) | - | 100.00 |
💡 Accountant's Note
Chargebacks reverse the original card transaction. The issuing bank reverses the interchange income and refunds the cardholder. High chargeback rates from a merchant trigger card scheme investigation and penalties.
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