Accountıng I Deneme Sınavı Sorusu #1313965

I.Customers have to pay the price to the credit card company at the time of shopping. 

II.The businesses are not getting 100% of the face value of their sale

III.Credit card companies are providing these benefits for free.

Which one/ones is not /are not correct about credit card sales?


Only I

I-II

I-III

II-III

I-II-III


Yanıt Açıklaması:

Credit card companies provide convenience to customers of buying without having to pay at the moment. To retailers, these credit card companies provide benefit of not checking each customer’s credit rating or credit history. Also, there is no need for the businesses to keep account receivables for longer period of time or to carry out collection from their customers. Credit card companies are not providing these benefits for free. They are charging a commission fee of 1% to 5% normally on a sale. This means the businesses are not getting 100% of the face value of their
sale.
.

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