Asked by
Ethan Godsave
on Nov 12, 2024
Verified
Most retailers record all credit card sales as credit sales.
Credit Card Sales
Transactions in which goods or services are purchased using a credit card, immediate revenue for the seller, albeit often with processing fees deducted by the credit card processor.
Credit Sales
Sales where payment is deferred to a later date, typically generating receivables for the selling entity.
- Identify the differences between credit sales and purchases made using credit cards issued by banks.
Verified Answer
AB
Learning Objectives
- Identify the differences between credit sales and purchases made using credit cards issued by banks.