A Debit Card Removes the Amount of the Sale from the Cardholder's

question 34

True/False

A debit card removes the amount of the sale from the cardholder's bank account and transfers it to the seller's bank account.

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Definitions:

Journal

A detailed record where all financial transactions of a business are initially recorded.

Chronological Record

A record of events or transactions organized in the order they occurred over time.

Transactions

The exchange or transfer of goods, services, or funds between two or more parties.

Chart Of Accounts

A list of accounts and the account numbers that identify their location in the ledger.