| 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 |
| sales journal | a special journal used to record only sales of merchandise on account |
| cash sale | a sale in which cash 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 |
| cash receipts journal | a special journal used to record only cash receipt transactions |
| realization of revenue | revenue is recorded at the time goods or services are sold |
| objective evidence | a source document is prepared for each transaction |
