| A | B |
|---|
| Classified Cash Book | a record that groups similar cash receipts and similar cash payments together |
| straight commission | pays salesperson according to the dollar amount of their sales |
| wage plus commission | pays salesperson an hourly wage plus an amount based on their total sales |
| purchase requisition | form used to request that an order be placed for merchandise |
| purchase order | form sent to a supplier to order goods |
| petty cash | fund for small expenses |
| overtime earnings | the amount earned for hours worked beyond the regular workweek |
| merchant sales slip summary | records info. about the credit card sales slip being sent to the bank for deposit |
| inventory | total number of items of each kind that a store or business has |
| gross earnings | regular earnings plus overtime earnings |
| differential piece rate | piecework plan in which the employee is paid according to a pay scale |
| denomination | a bill or coin of one value |
| perpetual inventory | keeps records of the items on hand on a daily basis |
| periodic inventory | keeps records of the items on hand on a monthly, half yearly, or yearly basis |
| credit memo | form used to record the return of goods bought on a charge account by a customer |
| credit reference | names of banks and stores where a charge account applicant has an account |
| petty cash voucher | form used to record info. about a petty cash expense |
| petty cash fund | amount of cash set aside to pay for small business expenses |
| budget analysis | record that compares estimated income and expenses with actual income and expenses |
| credit terms | terms for credit period |
