| A | B |
|---|
| markup | The amount added to the cost of merchandise to establish ledger the selling price. |
| accounts receivable | A subsidiary ledger containing only accounts for charge customers. |
| net pay | The total earnings paid to an employee after payroll taxes and other deductions. |
| subsidiary ledger | A ledger that is summarized in a single general ledger account |
| tax base | The maximum amount of earnings on which a tax is calculated |
| employee earnings | A business form used to record details affecting payments |
| terminal summary | The report that summarizes the cash and credit card sales of record a point-of-sales terminal. |
| capital stock | Total shares of ownership in a corporation. |
| purchases allowance | Credit allowed for part of the purchase price of merchandise that is not returned, resulting in a decrease in the customer’s accounts payable. |
| payroll register | A business form used to record payroll information. |
| withholding allowance | A deduction from total earnings for each person legally supported by a taxpayer, including the employee. |
| supporting schedule | A report prepared to give details about an item on a principal financial statement. |
| salary | The money paid for employee services. |
| gross profit on sales | A business from which merchandise is purchased or supplies or other assets are bought. |
| vendor | The revenue remaining after cost of merchandise sold has been deducted. |
