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14 Cards in this Set
- Front
- Back
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customer
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a 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
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sales journal
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a sp[ecial journal used to record only sales of merchandise on account
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cash sale
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a sale in which cash is recieved for the total amount of the sale at the time.
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credit card sale
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a sale in which a credit card is used fot the total amount of the sale at the time of the transaction
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point of sale
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a 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 cash and credit.
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batch report
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a repport of credit card sales produced by a pos treminal
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batching out
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the process of preparing a batfhc repoport of credit caard sales from a pos tweminal
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cash reciepts jounral
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a special journal ised to record only cash reciepto transcation
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sales discount
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a cash discount on sales taken by a coustomer
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sales return
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credit allowed for the sales price of returned merchandise.
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sales allowance
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credit allowed for merchandise that is not returned.
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creidt memorandum
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a form prepared by the vendor showing the amount deductedreutnrs and allowances
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