B2C payments can be made with cash, checks, mobile payment apps, or credit cards, but they are referred to as ________ because the accounting transactions are all recorded to the ________ account on the balance sheet.
A) credit, debit
B) cash, cash
C) debit, cash
D) debit, credit

Question

Quizplus · Accepted Answer

B2C payments are referred to as cash transactions because the accounting transactions are all recorded to the cash account on the balance sheet.

B2C Payments Can Be Made with Cash, Checks, Mobile Payment