| A | B |
|---|
| batch report | A report of credit card sales produced by a point-of-sale terminal. |
| batching out | The process of preparing a batch report of credit card sales from a point-of-sale terminal. |
| cash receipts journal | a special journal used to record only cash receipt transactions. |
| credit card sale | A sale in which a credit card is used for the total amount of the sale at the time of the transaction. |
| credit memorandum | A form prepared by the vendor showing the amount deducted for returns and allowances. |
| point-of-sale terminal | A computer used to collect, sotre, and report all the information of a sales transaction. |
| sales allowance | 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 discount | A cash discount on sales taken by a customer. |
| sales journal | A special journal used to record only sales of merchandise on account. |
| terminal summary | The report that summarizes the cash and credit card sales of a point-of-sale terminal. |
