E-commerce
Marketplace-Initiated Refund (Noon / Amazon)
Recording when a marketplace automatically refunds a customer and charges the merchant.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Sales Returns & Allowances | Contra-Revenue (+) | 200.00 | - |
| Receivable: Marketplace | Asset (-) | - | 200.00 |
💡 Accountant's Note
Marketplaces often issue refunds directly to customers and deduct the amount from the merchant's next settlement. The deduction reduces the marketplace receivable balance.
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