Under the Net Method of Handling Credit and Debit Card

question 166

Multiple Choice

Under the net method of handling credit and debit card payments,the ________.

• A) net amount of the sale is credited to the Sales Revenue account on the date of sale
• B) credit to the sales revenue is selling price less the transaction fee
• C) business writes a check to the third-party processor for the processing fee
• D) processing fee is debited to the Credit Card Expense account on the date of sale

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Definitions:

Therapeutically

In a manner that is healing or intended to have a healing effect, often related to medical treatment.

Drowsy

A state of feeling sleepy and lethargic, potentially affecting cognitive and motor skills, often due to lack of sleep or certain medications.

Medicine Cup

A small container used for measuring and administering liquid medications accurately.

Oral Medication Administration

The process of giving medication by mouth for absorption through the digestive system.