Which of the following is NOT True about accounting for Merchandise Returns?

A) By the End of the accounting period, a refund liability is established for the amount of returns that the company estimates wull occur in the future.

B) The Refund Liability is credited when a customer makes a return

C) Returned inventory also must be accounted for when considering sales returns

D) Accounting for sales returns ensures that net revenue excludes sales of goods that are expected to be returned