| A | B |
|---|
| Batch Reprot | 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 form a point-of-sale terminal. |
| Cash Receipts Journal | A special jorunal used to record only cash receipts transactions. |
| Cash Sale | A sael in whcih cash is received for the total amount of the sale at the time of the transaction. |
| Credit Card Sale | A sale in whcih a credit card is sued 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. |
| Customer | A person or business to whom merchandise or services are sold. |
| Point-of-Sale (POS) Terminal | A computer used to collect, store, and report all the infomration of a sales transaction. |
| Sales Allowance | Credit allowed a customer for part of the sales price of merchandise, 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 jorunal used to record only sales of merchandise on account. |
| Sales Return | Credit allowed a customer for the sales price of returned merchandise, resulting in a decrease in the vendor's accounts receivable. |
| Sales Tax | A tax on a sale of merchandise or services. |
| Terminal Summary | The report that summarizes the cash and credit card sales of a point-of-sale terminal. |
