Question

Sales to customers who use bank credit cards, such as MasterCard and Visa, are generally treated as a. cash sales b. sales returns c. sales on account d. sales when the credit card company remits the cash

Answer 1

Answer:

a. cash sales

Explanation:

In economy there exists different types of sales, one of them are cash sales.

Cash sales are sales that are made against cash, this means that the obligation of payment of the buyer is made at the time of the delivery. These sales include:

• Bills and coins
• Checks
• Credit cards

Therefore, sales to customers who use bank credit cards are treated as cash sales