| A | B |
|---|
| sales check | written record of a sales transaction |
| on-approval sale | an agreement permitting a customer to take merchandise home for further consideration (usually clothing) |
| cash-on-delivery (COD) sale | customer pays for merchandise at the time of delivery |
| sales tax | % fee placed by government on the sales of goods/svcs |
| allowance | partial return of the sale price for merchandise that the customer has kept-defective merchandise, missing button |
| Universal Product Code (UPC) | combination bar code & number used to identify a product and manufacturer |
| poin-of-sale system | combines a cash register with computer-used to replenish stock |
| till | cash drawer of the cash register |
| opening cash fund | a limited amt of money for cash register provided at beginning of each day |
| invoice | itemized list of goods purchased |
| terms for delivery | final delivery arrangement btwn buyer & seller |
| FOB | free on board |
| FOB destination | title & ownership are with seller until goods reach buyer& seller pays transportation |
| FOB shipping point | buyer is responsible for shipping & any damages during transit |
| FOB factory freight prepaid | seller pays for shipping but buyer owns goods in transit |
| purchase order | legal contract btwn buyer & seller - prepared by buyer to seller |
