E-commerce
COD Return — Order Rejected at Door
Recording a COD order that was returned because the customer refused delivery.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Sales Returns & Allowances | Contra-Revenue (+) | 150.00 | - |
| Receivable: Courier (COD) | Asset (-) | - | 150.00 |
| Merchandise Inventory | Asset (+) | 60.00 | - |
| Cost of Goods Sold (Reversal) | Expense (-) | - | 60.00 |
💡 Accountant's Note
If a COD customer refuses the parcel, the courier returns it. Revenue and COGS are both reversed and inventory is restocked. The courier receivable that was set up at dispatch is also cleared.
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