| A | B |
|---|
| Selling Price | The amount a business receives from the sale of an item of merchandise |
| Markup | The amount a business adds to the cost of merchandise to establish the selling price. |
| Accounts Receivable Ledger | A subsidiary ledger ontaining all accounts for charge customers |
| Sales Tax | A tax on a sale of merchandise or services |
| Sales Journal | A special journal used to record only sales of merchandise on account |
| Cash Sale | A sale in which the customer pays for the total amount of the sale at the time of the transaction |
| Point-Of-Sale Terminal | A specialized computer used to collect, store, and report all the information about a sales transaction. |
| Terminal Summary | The report that summarizes the cash and credit card sale of a point-of-sale terminal. |
| 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 Receipts transactions. |
| Sales Discount | A cash discount on a sale taken by the customer. |
| Schedule of Accounts Receivable | A listing of customer accounts, account balances, and total amount due from all customers. |
