While calculating the accounts receivable turnover ratio,sales to buyers using credit cards like MasterCard and Visa are counted as credit sales because the seller is providing credit to the buyer who buys without cash.

Question

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Sales made using credit cards like MasterCard and Visa are considered cash sales for the seller because the credit card company pays the seller immediately, and the buyer owes the credit card company, not the seller.

While Calculating the Accounts Receivable Turnover Ratio,sales to Buyers Using