Credit Card Sales Accounting

Credit card sales accounting will vary depending on whether or not the cash register is linked directly to the credit card company and cash is received immediately or whether payment is received from the credit card company at a later date.

As an example, suppose a business has credit card sales of 1,000 and the credit card company charges 2% (20) as a processing fee.

Last modified November 25th, 2019 by Michael Brown
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