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14 Cards in this Set
- Front
- Back
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Batch Report
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A report of credit card sales produced by a point-of-sale terminal
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Batching Out
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The process of preparing a batch report of credit card sales from a point-of-sale terminal
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Cash Receipts Journal
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A special journal used to record only cash receipt transactions
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Cash sale
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A sale in which cash is received for the total amount of the sale at the time of the transaction
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Credit Card Sale
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a sale in which a credit card is used for the total amount of the sale at the time of the transaction
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Credit Memorandum
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A form prepared by the vendor showing the amount deducted for returns and allowances
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Customer
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A person or business to whom merchandise or services are sold
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Point-of-sale Terminal
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A computer used to collect, store, and report all the information of a sales transaction
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Sales Allowance
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Credit allowed a customer for part of the sales price of merchandise that is not returned, resulting in a decrease in the vendor's accounts receivable
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Sales Discount
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A cash discount on sales taken by a customer
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Sales Journal
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A special journal used to record only sales of merchandise on account
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Sales Return
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Credit allowed a customer for the sales price of returned merchandise, resulting in a decrease in the vendor's accounts receivable
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Sales Tax
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A tax on a sale of merchandise or services
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Terminal Summary
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The report that summarizes the cash and credit card sales of a point-of-sale terminal
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