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

a. sales on account
b. sales returns cash
c. sales when the credit card company remits the cash

Respuesta :

Answer:

The correct answer is letter "C": cash sales.

Explanation:

Credit card payments using processing systems such as Visa or MasterCard are considered as cash sales since they allow consumers to purchase goods or services instantly. For accounting purposes, the transaction is recorded as a debit to cash and a credit to sales and the fees associated are registered as expenses.