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Re: Thoughts on Voiding Invoices

On Fri, 2006-09-22 at 22:20 -0400, Alejandro Imass wrote:
> If the company uses "notes of credit" as we call them here, then the
> merchandise should return at last cost (it's like buying the
> merchandise).
Hmm that is interesting. I do not think business people I know would
'buy back' at last cost if the the item in question originally cost
less. They would more likely buy back at the lowest price, but it would
be a business decision based on balancing goodwill against the profit
imperative. Either way I am pretty sure that it is not an issue of
accounting best practices at all.