When a Business Is Able to Deposit Its Credit Card

question 30

True/False

When a business is able to deposit its credit card sales invoices directly into a special bank account,it debits Cash,not Accounts Receivable.

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Definitions:

Silver Oxide

A chemical compound of silver and oxygen that's used in some batteries and as a mild oxidizing agent in organic synthesis.

Methyl Iodide

A chemical compound with the formula CH3I, used as a methylating agent in organic synthesis.

Keto-enol Tautomerization

Keto-enol tautomerization is a chemical equilibrium between a ketone (or aldehyde) and an enol (an alcohol directly bonded to a carbon-carbon double bond), where hydrogen atoms and double bonds are redistributed.

6-phosphate Ester

Refers to a compound containing a phosphate group attached to the sixth carbon of a sugar or organic molecule, commonly involved in energy transfer and signaling pathways.