For the merchant, bank credit card sales are treated in a manner similar to

Name: For the merchant, bank credit card sales are treated in a manner similar to
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Bank credit card sales are treated as cash sales for the merchant because they receive payment from the credit card company almost immediately. Unlike accounts receivable which could take time for payment or installment sales and layaway sales which involve future payments by the customer.

For the Merchant, Bank Credit Card Sales Are Treated in a Manner