Chapter 10

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

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

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

A special journal used to record only cash receipt transactions.

• Point-of-Sale (POS) Terminal

• Terminal Summary

• Batching Out

• Cash Receipts Journal

A cash discount on a sale taken by the customer.

• Sales Discount

• Selling Price

• Accounts Receivable Ledger

• Sales Journal

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

• Sales Discount

• Selling Price

• Accounts Receivable Ledger

• Sales Journal

A subsidiary ledger containing all accounts for charge customers.

• Sales Discount

• Selling Price

• Accounts Receivable Ledger

• Sales Journal

A special journal used to record only sales of merchandise on account.

• Sales Discount

• Selling Price

• Accounts Receivable Ledger

• Sales Journal

A sale in which the customer pays for the total amount of the sale at the time of the transaction.

• Cash Sale

• Batch Report

• Sales Tax

• Markup

A report of credit card sales produced by a point-of-sale terminal.

• Cash Sale

• Batch Report

• Sales Tax

• Markup