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 service |
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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 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-sale terminal |
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Term
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Definition
| a special journal used to record only cash reciept transactions |
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Term
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Definition
| a sale in which cash is recieved 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 is used for the total amount of the sale at the time of transaction |
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Term
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Definition
| a form prepared by the vendor showing the amount deducted for returns and allowances |
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Term
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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
| credit allowed to a customer for part of the sales price of merchandise that is not returned, resulting in a decrease in the vendor's account recievable |
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Term
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Definition
| a cash discount on sales taken by a customer |
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Term
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Definition
| credit allowed to a customer for the sales price of of returned merchandise, resulting in a decrease in the vendor's account recievable |
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Term
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Definition
| the report that summarizes the cash and credit card sales of a point-of-sale terminal |
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