Which Statement Concerning Bank Issued Credit Card Fees (Merchant Fees)

Multiple Choice

Which statement concerning bank issued credit card fees (merchant fees) is untrue?

A) They are calculated by the bank once a month.
B) They are calculated as a flat charge regardless of sales.
C) They are recorded by the firm as a debit to the merchant fees expense account and a credit to bank.
D) Credit card fees are subject to GST.