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Daija Lewis
on Dec 16, 2024

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

Bank Credit Cards

Financial instruments issued by banks that allow cardholders to borrow funds with which to pay for goods and services, subject to the agreement that the funds will be repaid.

Credit Sales

Transactions in which goods or services are provided to a customer with the agreement that payment will be made at a later date.

  • Differentiate between credit sales and sales using bank credit cards.
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Elaine ToradioDec 19, 2024
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