C_BRU2C_2020 · Question #77
Returns cannot occur in connection with which of the following payment methods?
The correct answer is C. Bank Transfer. Bank transfers are considered irrevocable, one-directional transactions - once funds are sent, there is no built-in mechanism within the payment method itself to process a return or reversal the way other methods allow. This makes Bank Transfer (C) the payment method that…
Question
Returns cannot occur in connection with which of the following payment methods?
Options
- AChecks
- BCredit card collections
- CBank Transfer
- DDebit memos
How the community answered
(32 responses)- B6% (2)
- C91% (29)
- D3% (1)
Explanation
Bank transfers are considered irrevocable, one-directional transactions - once funds are sent, there is no built-in mechanism within the payment method itself to process a return or reversal the way other methods allow. This makes Bank Transfer (C) the payment method that cannot be directly connected to returns.
Why the distractors are wrong:
- A (Checks): Checks can be returned (e.g., NSF/bounced checks) or voided, making returns possible.
- B (Credit card collections): Credit cards support chargebacks and refund postings, which are standard return mechanisms.
- D (Debit memos): Debit memos are accounting documents specifically used in connection with returns and adjustments.
Memory tip: Think of a bank transfer as a "one-way street" - the money leaves and the lane doesn't reverse. Every other option has a built-in "U-turn" mechanism (bounced checks, chargebacks, memo corrections), but a bank transfer does not.
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