| A | B |
|---|
| Accounts receivable ledger | A subsidiary ledger containing all accounts for charge customers. |
| Batch report | A report of credit card sales produced by a point-of-sale terminal. |
| Batching out | The process of preparing a batch report from a point-of-sale terminal. |
| Cash receipts journal | A special journal used to record only cash receipt transactions. |
| Cash sale | A sale in which the customer pays for the total amount of the sale at the time of the transaction. |
| Markup | The amount a business adds to the cost of merchandise to establish the selling price. |
| Point-of-sale (POS) terminal | A specialized computer used to collect, store, and report all the information about a sales transaction. |
| Sales discount | A cash discount on a sale taken by the customer. |
| Sales journal | A special journal used to record only sales of merchandise on account. |
| Sales tax | A tax on a sale of merchandise or services. |
| Schedule of accounts receivable | A listing of customer accounts, account balances, and total amount due from all customers. Also called: accounts receivable trial balance |
| Selling price | The amount a business receives from the sale of an item of merchandise. |
| Terminal summary | The report that summarizes the cash and credit card sales of a point-of-sale terminal. A terminal summary is also known as a Z tape. |
