Term
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Definition
| a person or business to whom merchandise or services are sold |
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Term
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Definition
| a tax on a sale of merchandise or services |
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Term
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Definition
| a special journal used to record only sales of merchandise on account |
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Term
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Definition
| a sale in which cash is received for the total amount of the sale at the time of the transaction |
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Term
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Definition
| a sale in which a credit card us used for the total amount of the sale at the time of the transaction |
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Term
| Point-of-Sale (POS) Terminal |
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Definition
| a computer used to collect, store, and report all the information of a sales transaction |
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Term
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Definition
| the report that summarizes the cash and credit card sales of a point-of-sales terminal |
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Term
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Definition
| a report of credit card sales produced by a point-of-sale terminal |
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Term
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Definition
| the process of preparing a batch report of credit card sales from a point-of-sales terminal |
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Term
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Definition
| a special journal used to record only cash receipt transaction |
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Term
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Definition
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Term
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Definition
| 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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Term
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Definition
| credit allowed a customer for part of the sales price of merchandise that is not returned, resulting in a decrease in the vendor's accoutns receivable |
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Term
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Definition
| a form prepared by the vendor showing the amount deducted from returns and allowances |
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