How are sales to customers using MasterCard and VISA recorded?

Explanation
Sales refer to the transaction where the goods are sold to the customers and the services were provided to the customers in return for consideration.

Sales using the MasterCard and VISA are treated the same as cash sales in the books of accounts. The sales amount will directly come into the seller's bank by receiving acceptance from the customer.

Verified Answer
The sales through MasterCard and VISA are treated as cash sales and these are directly recorded into the seller's bank.