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Debit Card Payments in a Sales Invoice with Regular Terms

Question 21

Multiple Choice

Debit card payments in a sales invoice with regular terms of net 30 will -


A) debit the bank account instead of accounts receivable for the full invoice amount
B) credit the bank account instead of accounts receivable for the full invoice amount
C) reduce the bank deposit by the amount of the card transaction fees
D) withdraw the full invoice amount from the customer's bank account in 30 days when the net amount is due

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