Which of the following describes one of the differences between a debit card and a prepaid card?Used by some companies for payroll.Debit cards can be over-draftedAble to make online purchasesCan make cash withdrawals

Debit Card It is a payment card issued by the bank that deducts money directly from the consumer's…

Which of the following describes one of the differences between a debit card and a prepaid card? O Used by some companies for payroll. Debit cards can be over-drafted Able to make online purchases Can make cash withdrawals

Which of the following describes one of the differences between a debit card and a prepaid card? O Used by some companies for payroll. Debit cards can be over-drafted Able to make online purchases Can make cash withdrawals

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter10: Cash Receipts And Cash Payments

Section: Chapter Questions

Problem 5QY

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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

Which of the following describes one of the differences between a debit card and a prepaid card?
Used by some companies for payroll.
Debit cards can be over-drafted
Able to make online purchases
Can make cash withdrawals

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