If a credit card sale is made,the seller can either debit Cash or debit Accounts receivable when the sale occurs.

Question

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When a credit card sale is made, the seller will receive payment through the credit card company. The seller can choose to either debit Cash (if they receive immediate payment from the credit card company) or debit Accounts receivable (if the payment will be received at a later date from the credit card company). Therefore, the statement is true.

If a Credit Card Sale Is Made,the Seller Can Either