Ch. 10 Review

A subsidiary ledger containing all accounts for charge customers.

• Accounts Receivable Ledger

• Batch Report

• Batching Out

• Cash Receipts Journal

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

• Accounts Receivable Ledger

• Batch Report

• Batching Out

• Cash Receipts Journal

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

• Accounts Receivable Ledger

• Batch Report

• Batching Out

• Cash Receipts Journal

A special journal used to record only cash receipt transactions.

• Accounts Receivable Ledger

• Batch Report

• Batching Out

• Cash Receipts Journal

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

• Cash Sale

• Markup

• Point-of-Sale (POS) Terminal

• Sales Discount

The amount a business adds to the cost of merchandise to establish the selling price.

• Cash Sale

• Markup

• Point-of-Sale (POS) Terminal

• Sales Discount

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

• Cash Sale

• Markup

• Point-of-Sale (POS) Terminal

• Sales Discount

A cash discount on a sale taken by the customer.

• Cash Sale

• Markup

• Point-of-Sale (POS) Terminal

• Sales Discount

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

• Sales Journal

• Sales Tax

• Schedule of Accounts Receivable

• Selling Price

• Terminal Summary

A tax on a sale of merchandise or services.

• Sales Journal

• Sales Tax

• Schedule of Accounts Receivable

• Selling Price

• Terminal Summary