| A | B |
|---|
| sales check | A written record of a sales transaction that includes such information as the date of the transaction, items purchased, purchase prices, sales tax, and the total amount due. |
| layaway | A sales method that keeps merchandise in storage until the customer finishes paying for it. |
| on-approval sale | An agreement permitting a customer to take merchandise (usually clothing) home for further consideration. |
| cash-on-delivery (COD) sale | A transaction that occurs when a customer pays for merchandise at the time of delivery. |
| sales tax | A percentage fee placed by the government on the sale of goods and services. |
| allowance | A partial return of the sales price for merchandise that the customer has kept. |
| Universal Product Code (UPC) | A combination bar code and number used to identify a product and manufacturer. |
| point-of-sale system | The process of combining a cash register with a computer, making it possible to capture information about the transaction at the time of sale, then applying it to different functions. |
| till | The cash drawer of a cash register. |
| opening cash fund | A limited amount of money for the cash register provided by a manager or other designated person at the beginning of each business day. |
| purchase order (PO) | A legal contract between a buyer adn a supplier to purchase a specified number of products at a specified price. |
| invoice | An itemized list of goods that includes prices, terms of sales, total, taxes and fees, and amount due. |
| terms for delivery | The final delivery arrangement between the buyer and seller. |
| free-on board (FOB) | The price for goods includes delivery at the seller's expense to a specified point and no further. |
