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When a customer uses a credit card to purchase an item, the business debits Accounts Receivable.?
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• Page 1 of 1
When a customer uses a credit card to purchase an item, the business debits Accounts Receivable.?
by Rain » Tue Feb 23, 2010 2:14 pm
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Rain - Posts: 76
- Joined: Mon Dec 21, 2009 4:31 am
When a customer uses a credit card to purchase an item, the business debits Accounts Receivable.?
by iltong75 » Tue Feb 23, 2010 3:10 pm
The sale is recorded as a debt on AR, the credit card payment is posted as a credit to AR.
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iltong75 - Posts: 71
- Joined: Sat Dec 19, 2009 1:19 pm
2 posts
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