Sales to customers who use bank credit cards, such as MasterCard and VISA, are generally treated as

A) sales on account
B) sales returns
C) cash sales
D) sales when the credit card company remits the cash

Question

Jeanae Doughty · Accepted Answer

Final Answer : C, Explanation :  Sales to customers who use bank credit cards are treated as cash sales because the payment is processed immediately. The seller receives the payment from the credit card company and does not have to wait for the customer to repay the credit card company.

Sales to customers who use bank credit cards, such as MasterCard and VISA, are generally treated as

A) sales on account
B) sales returns
C) cash sales
D) sales when the credit card company remits the cash

Definitions

Learning Objectives

Learning Objectives

Related questions

Sales to customers who use bank credit cards, such as MasterCard and VISA, are generally treated asA) sales on accountB) sales returnsC) cash salesD) sales when the credit card company remits the cash

Definitions

Learning Objectives

Learning Objectives

Related questions

Sales to customers who use bank credit cards, such as MasterCard and VISA, are generally treated as

A) sales on account
B) sales returns
C) cash sales
D) sales when the credit card company remits the cash