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Chapter 10

Authored by Rachel Jones

10th - 12th Grade

Used 7+ times

Chapter 10
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31 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A specialized computer used to collect, store, and report all the information about a sales transaction.

Point-of-Sale (POS) Terminal

Terminal Summary

Batching Out

Cash Receipts Journal

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The report that summarizes the cash and credit card sales of a point-of-sale terminal.

Point-of-Sale (POS) Terminal

Terminal Summary

Batching Out

Cash Receipts Journal

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The process of preparing a batch report from a point-of-sale terminal.

Point-of-Sale (POS) Terminal

Terminal Summary

Batching Out

Cash Receipts Journal

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A special journal used to record only cash receipt transactions.

Point-of-Sale (POS) Terminal

Terminal Summary

Batching Out

Cash Receipts Journal

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A cash discount on a sale taken by the customer.

Sales Discount

Selling Price

Accounts Receivable Ledger

Sales Journal

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount a business receives from the sale of an item of merchandise.

Sales Discount

Selling Price

Accounts Receivable Ledger

Sales Journal

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A subsidiary ledger containing all accounts for charge customers.

Sales Discount

Selling Price

Accounts Receivable Ledger

Sales Journal

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