| A | B |
|---|
| A cash discount on sales taken by a customer | Sales Discount |
| Credit allowed a customer for part of the sales price of merchandise that is not returned, resulting in a decrease in the vendor's accounts receivable. | Sales Allowance |
| A sale in which a credit card is used for the total | Credit Card Sale |
| A computer used to collect, store, and report all the information of a sales transaction. | point-of-sale terminal |
| A special journal used to record only cash receipt transactions. | Cash Receipts Journal |
| A report of credit card sales produced by a point of sale terminal | Batch Report |
| A form prepared by the vendor showing the amount deducted for returns and allowances | Credit Memorandum |
| The report that summarizes the cash and credit card sales of a point of sale terminal | Terminal Summary |
| A special journal used to record only sales of merchandise on account | Sales Journal |
| The process of preparing a batch report of credit card sales from a point of sale terminal | Batching Out |
| A person or business to whom merchandise or services are sold | Customer |
| A tax on the sale of merchandise or services | Sales Tax |
| A sale in which cash is received for the total amount of the sale at the time of the transaction | Cash Sale |
| Credit allowed the customer for sales price of returned merchandise, resulting in a decrease in the vendor's accounts receivable | Sales Return |
