Chapter 10 Review

A specialized computer used to collect, store, and report all the information about a sales transaction.

• Batch Report

• Point-of-Sale (POS) Terminal

• Sales Journal

• Selling Price

The report that summarizes the cash and credit card sales of a point-of-sale terminal.

• Cash Sale

• Sales Tax

• Batch Report

• Terminal Summary

The process of preparing a batch report from a point-of-sale terminal.

• Schedule of Accounts Receivable

• Terminal Summary

• Batching Out

• Markup

A special journal used to record only cash receipt transactions.

• Sales Journal

• Terminal Summary

• Batch Report

• Cash Receipts Journal

A cash discount on a sale taken by the customer.

• Sales Discount

• Sales Journal

• Sales Tax

• Selling Price

The amount a business receives from the sale of an item of merchandise.

• Sales Tax

• Sales Discount

• Selling Price

• Batch Report

A subsidiary ledger containing all accounts for charge customers.

• Terminal Summary

• Sales Journal

• Batch Report

• Accounts Receivable Ledger

A special journal used to record only sales of merchandise on account.

• Sales Journal

• Sales Tax

• Sales Discount

• Terminal Summary

A sale in which the customer pays for the total amount of the sale at the time of the transaction.

• Batch Report

• Batching Out

• Cash Sale

• Sales Tax

A report of credit card sales produced by a point-of-sale terminal.

• Batch Report

• Cash Receipts Journal

• Markup

• Sales Journal