close
    Accounting question: In the U.S., if a company refunds money, can this money ...

    be included in the "cost of revenue"?

    0  Views: 2114 Answers: 1 Posted: 10 years ago

    1 Answer

    Even though they refunded the money, I believe they can apply shipping charges, promotional charges, and any services that were applied to the product as cost of revenue. So I would say yes. I however am not an accountant and never took any course remotely relating to accounting. I'm just surmising base on what I read here > http://www.investopedia.com/terms/c/cost-of-revenue.asp



    Top contributors in Other - Taxes category

     
    country bumpkin
    Answers: 6 / Questions: 0
    Karma: 270
     
    Colleen
    Answers: 21 / Questions: 0
    Karma: 255
     
    ROMOS
    Answers: 7 / Questions: 0
    Karma: 255
     
    Flip
    Answers: 4 / Questions: 0
    Karma: 120
    > Top contributors chart
    470176
    questions
    722732
    answers
    791922
    users