| A | B |
|---|
| Departmental accounting system | an accounting system showing accounting information for two or more departments |
| Merchandising business | a business that purchases and sells goods |
| Contra account | an account that reduces a related account on a financial statement |
| Cash discount | a deduction that a vendor allows on the invoice amount to encourage prompt payment |
| Purchases discount | a cash discount on purchases taken by a customer |
| Sales discount | a cash discount on sales |
| Salary | the money paid for employee services |
| Pay period | the period covered by a salary payment |
| Payroll | the total amount earned by all employees for a pay period |
| Payroll taxes | taxes based on the payroll of a business |
| Withholding allowance | a deduction from total earnings for each person legally supported by a taxpayer |
| Tax base | the maximum amount of earnings on which a tax is calculated |
| Payroll register | a business form used to record payroll information |
| Employee earnings record | a business form used to record details affecting payments made to an employee |
