Which of the following is not true regarding a credit card expense? Credit card

Question

Which of the following is not true regarding a credit card expense? Credit card expense may be classified as a "discount" deducted from sales to get net sales. Credit card expense may be classified as a selling expense Credit card expense may be classified as an administrative expense. Credit card expense is not recorded by the seller. Credit card expense is a fee the seller pays for services provided by the card company A promissory note received from a customer in exchange for an account receivable is record the payee as: A cash equivalent. An account receivable. A note receivable

Explanation / Answer

Credit card expense is not recorded by the seller is not true regarding credit card expense

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