| A | B |
|---|
| cash sale | A sale in which cash is received for the total amount of the sale at the time of the transaction. |
| customer | A sale in which a credit card is used fo rthe total amount of the sale at the time of the transaction. |
| sale on account | A sale for which cash will be received at a later date. |
| sales invoice | An invoice used as a source document for recording a sale on account. |
| sales tax | A tax on a sale of merchandise or services. |
| accounts pagyable ledger | A subsidiary ledger containing only accounts for vendors from whom items are purchased or bough on account. |
| accounts receivable ledger | A subsidiary ledger containing only accounts for charge customers. |
| controlling account | An account in a general ledger that summarizes all accounts in a subsidiary ledger. |
| schedule of accounts payable | A listing of vendor accounts, account balances, and total amount due all vendors. |
| schedule of accounts receivable | A listing of customer accounts, account balances, and total amount due from all customers. |
| subsidiary ledger | A ledger that is summarized in a single general ledger account. |
