Decision Maker
Entrepreneur As a small retailer,you are considering allowing customers to buy merchandise using credit card.Untill now,your store accepted only cash and checks.What analysis do you useto make this decision
Quick Check
1.In recording credit card sales,when do you debit Accounts Receivable and when do you debit Cash?
2.A company accumulates salesreceiptsand remits them to the credit card company for payment.When are the credit card expense recorded?When are these expenses incurred?