| A | B |
|---|
| Customer | a person or business to whom merchandise or services are sold. |
| sales tax | a tax on a sale of merchandise or services. |
| cash sale | a sale in which cas is received for the total amount of the sale at the time of the transaction. |
| credit card sale | a sale in which a credit card is used for the total amount of the sale at the time of the transaction. |
| subsidiary ledger | a ledger that is summarized in a single general ledger account. |
| accounts payable ledger | a subsidary ledger containing only accounts for vendors from whom items are purchased or bought on account. |
| accounts receivable ledger | a subsidary ledger containing only accounts for charge customers. |
| controlling account | an account in a general ledger that summarizes all accounts in a subsidary ledger. |
| schedule of accounts payable | a listing of vendor accounts, account balances, and total amouunt due all vendors. |
| schedule of accounts receivable | a listing o customer accounts, account balances, and total amount due from customers. |
