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14 Cards in this Set
- Front
- Back
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Customer
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- Person or business to whom merchandise or services are sold.
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Sales Tax
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- A tax on a sale of merchandise or services.
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Sales Journal
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- Special journal used to record only sales of merchandise on account.
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Cash Sale
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- Sale in which cash is recieved for total amount of sale at the time of the transaction.
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Credit Card Sale
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- Sale in which a credit card is used when making a purchase at the time of the transaction.
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Point-of-Sale
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- Computer used to collect, store, and report all information of a sales transaction.
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Terminal Summary
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- Report that summarizes the cash and credit card sales of a Point-of-sale terminal.
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Batch Report
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- Report of credit card sales produced by a point-of-sale terminal.
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Batching Out
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- Process of preparing a batch report of a credit card sales from a point-of-terminal.
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Cash Reciepts Journal
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- Special journal used to record only cash reciept transactions.
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Sales Discount
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- Cash discount on sales taken by a customer.
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Sales Return
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- Credit allowed a customer for the sale price returned merchandise, resulting in a decrease in vendor's account recieveable.
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Sales Allowance
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- Sales that are not returned and resulting in a price decrease in vendor account recieveable.
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Credit Memorandum
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- Form prepared by vendor showing the amount deducted for returns and allowances.
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