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  3. Study Set
    Auditing and Assurance Services Study Set 2
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    Exam 14: Audit of the Sales and Collection Cycle: Tests of Controls
  5. Question
    When Customers Purchase Goods by Credit Card, the Issuer of the Credit
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When Customers Purchase Goods by Credit Card, the Issuer of the Credit

Question 102

Question 102

True/False

When customers purchase goods by credit card, the issuer of the credit card uses EFT to transfer funds into the company's bank account.

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