Multiple Choice
Which one of the following general statements about credit cards is correct -
A) credit card payments must be entered in the receipts journal
B) credit card receipts are deposited into the accounts receivable account
C) credit cards sales do not involve any linked accounts
D) the credit card discount fee is deducted from the receipts
Correct Answer:

Verified
Correct Answer:
Verified
Q1: The Cash Flow Projection report allows you
Q2: When you see the message that a
Q3: To record a NSF cheque from a
Q4: A sales journal entry will not balance
Q6: Discounts for early payments are offered to
Q7: To reverse a sales invoice for selecting
Q8: Which one of the following is not
Q9: To find an invoice you need to
Q10: To record a NSF cheque, you can
Q11: Customizing the sales journal will not -<br>A)