Processing Credit Card Sales Automatically Requires -

question 18

Multiple Choice

Processing credit card sales automatically requires -

• A)a merchant account with the credit card processing company
• B)entering the merchant key code and ID as system settings
• C)posting the sales invoice before entering credit card details
• D)entering the merchant password during the processing stage

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Definitions:

Commercial Substance

A concept in accounting that refers to a transaction causing a significant change in the cash flows or financial status of a company.

Invoice Price

The price at which a seller lists a product for sale to a buyer, often detailed in a purchase invoice.