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Q: Why are credit cards treated as cash sales?
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Sales to customers who use bank credit cards such as MasterCard and Visa are generally treated as...a. sales when the credit card company remits the cash?

Sales to customers who use bank credit cards such as MasterCard and Visa are generally treated as Cash Sales.


Sales to customers who use bank credit cards such as MasterCard and Visa are usually recorded by a?

debit to Cash and a credit to Sales


What are the benefits of cash reward credit cards?

Cash back reward credit cards main benefits are that they allow the credit card user to generate bonus cash over time. While the cash return is always a small amount, such as 3%, it can build up overtime and be spent later.


What is the journal entry for a cash sell?

Debit Cash Credit Sales


How do you account cash sales return?

[Debit] Sales return [Credit] Cash /bank [Debit] Sales [Credit] Sales return


Does cash sales and credit sales equal net sales?

yes they do but if the cash sales and credit sales ar the same number they equal subsales


Cash sales to ram for 300rs?

Debit Cash 300 Credit Sales 300


What is journal entry of cash sales?

Debit Cash $XXX Credit Sales $XXX


What is the journal entry for purchase on credit and sales on cash?

Debit: Purchases Credit: Accounts Payable Debit: Cash Credit: Sales


What credit cards offer cash back?

Some credit cards that offer cash back include Bank Americard Cash Rewards, Blue Cash Preferred from American Express and Chase Freedom Visa. You can get more information about these cards and apply for them online at the Credit Cards website.


Which business credit card offers cash back?

There are many different credit cards that offer cash back. Some of the credit cards that offer cash back are Simply Cash from American Express and Ink Cash from Chase.


Does HSBC offer credit cards with cash back rewards?

No, HSBC does not offer credit cards with cash back rewards. While their credit cards do offer cash back, it is not a reward and one can be charged a hefty interest fee when requesting cash back.