INTERVIEW QUESTIONS ACCOUNTING PROCESS CASH BOOKS DETAILS

Question: What rate of commission is charged by the bank issuing the credit card: a) 1% to 3% b) 3% to 6% c) 2% to 5% d) 1% to 4%

Answer: (d) 1% to 4%
Description: The bank issuing the credit card, charges commission for each such transaction, which varies between 1% and 4% which is immediately debited to seller's bank account.

(d) 1% to 4%
Description: The bank issuing the credit card, charges commission for each such transaction, which varies between 1% and 4% which is immediately debited to seller's bank account. Source: CoolInterview.com

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