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11 Cards in this Set
- Front
- Back
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customer |
a person or business to whom merchandise or services are solid
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sales tax
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a tax on a sale of merchandise or service |
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sales journal |
a special journal used to record only sales of merchandise on account
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cash sale |
a sale in which each is received for the totel amount of the sale at the time of the transaction |
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credit card sale |
sale in which a credit card is used for the total amount of the sale at the time of the transactiom |
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point of sale terminal |
a computer used to collect, store, and report all the information of a sale transaction |
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terminal summary |
report that summarizes the cash and credit card sales of a point-of-sale- terminal |
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batch report |
a report of credit card sales produced by a point-of-sale terminal |
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batching out |
the process of preparing a batch report of credit card sales from a point-of-sale terminal |
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sales discount |
a cash discount on sales taken by a customer |
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cash receipts journal |
a special journal used to record only cash receipt transaction |
