Cash Hash » Cash Hash » Cash Card » In recording credit card sales, when do you debit Accounts Receivable and when do you debit Cash?

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  #2 ()
: Hope you not a accountant!!

read your home work book.
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: It depends on which type of credit card is used. Credit cards issued by a bank are treated same as cash, so the A/R account is not normally used and cash is debited at the time of purchase. When "store" credit cards are used, A/R is debited at the time of purchase. Cash is debited when the account is paid.
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