Why is a bank credit card sale treated the same as a cash sale?

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Accounting Multicolumn Journal

ISBN: 9781285528458

10th Edition

Authors: Claudia Gilbertson

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Question Posted: May 13, 2024 02:02 PM

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Why is a bank credit card sale treated the same as a cash sale?

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Treating a bank credit card sale the same as a cash sale is a common practice in accounting for several reasons Timing of Revenue Recognition From the ...View the full answer

Accounting Multicolumn Journal

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