Bookkeeping – Sales Via Debit and Credit Cards (Lesson 38)

Sales Via Debit and Credit Cards

Historically the only two forms of payment were either cash or check.  Then credit card payments became very popular in the eighties and today the preferred method is debit.  Debit payments are an instaneous removal of value from the customer’s account and suspended by the banking system until deposited into the business checking account. 

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