Sales to customers who use bank credit cards, such as MasterCard and Visa, are generally treated as

A) sales on account
B) sales returns
C) cash sales
D) sales when the credit card company remits the cash

Sales made to customers who use bank credit cards are considered cash sales because the business receives payment from the bank immediately, even if the customer has not yet paid off their credit card balance. This is different from sales on account, where the business extends credit to the customer and the payment is not received until later. It is also different from sales returns, which refer to goods or services that are returned to the business for a refund or credit. Finally, the business typically does not receive payment directly from the credit card company, but rather from a merchant processing service that handles transactions on behalf of the bank and charges a fee for the service.