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8 Cards in this Set
- Front
- Back
Customer |
A person or business to whom merchandise or services are sold. |
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Sales Tax |
A tax on a sale of merchandise or services. |
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Sales Journal |
A special journal used to record only sales of merchandise on account is called a sales journal. |
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Cash Sale |
A sale is which cash is received for the total amount of the sale at the time of the transaction. |
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Credit Card Sale |
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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Point of Sale |
A computer used to collect, store, and report all the information of a sales transaction. |
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Terminal Summary |
The report that summarizes the cash and 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 terminals. |