Accounting: Final

A person or business to whom merchandise or services are sold.

• receiver
• customer
• accounting
• banker

A tax on a sale of merchandise or services.

• sales tax
• cash sale
• batching out
• sales allowance

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

• sales allowance
• sales discount
• sales journal
• sales return

A sale in which cash is received for the total amount of the sale at the time of the transaction.

• cash sale
• cash receipts journal
• credit card sale
• sales allowance

A sale in which a credit card is used for the total amount of the sale at the time of the transaction.

• credit card purchase
• credit card sale
• credit memorandum
• sales journal

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

• sales discount
• sales allowance
• customer
• point-of-sale (POS)

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

• sales discount
• terminal summary
• sales journal
• cash receipts journal

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

• batching out
• batch report
• cash receipts journal
• cash sale

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

• batching out
• batch report
• cash receipts journal
• credit card sale

A special journal used to record only cash receipt transactions.

• cash sale
• cash receipts journal
• credit memorandum
• sales allowance