Retail
Point-of-Sale (POS) Credit Card Sale
Recording a store sale where the bank takes a processing fee immediately.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash / Bank (Net) | Asset (+) | 97.50 | - |
| Bank Processing Fees | Expense (+) | 2.50 | - |
| Sales Revenue | Revenue (+) | - | 100.00 |
💡 Accountant's Note
When a customer taps their card in-store, the bank usually deposits the net amount (Total - Fee) into your account.
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Expert Analysis by Qusai Ahmad
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