Ledbeter Gibbs_Accounting 6.01 - Part One 1 A transaction in which the business receives money Businesses record the receipt of cash with a cash receipt

Ledbeter Gibbs_Accounting 6.01 - Part One 1 A transaction...

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Part One 1 A transaction in which the business receives money. Businesses record the receipt of cash with a cash receipt. 2 The difference is that with a bank credit card, it is recorded as a cash sale. A store credit card is a receivable. 3 The are similar because they are both cash sales. They are different because a debit sale immediately deduct the money from the customer's bank account Part Two Merchandise
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  • Summer '17
  • Accounting, Payment, Credit card, Fair Credit Reporting Act

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