Chapter 10 Review

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

• ledger

• batch report

• point-of-sale (POS) terminal

• terminal summary

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

• cash receipts journal

• sales journal

• terminal summary

• schedule of accounts receivable

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

• batching out

• markup

• sales discount

• selling price

A special journal used to record only cash receipt transactions.

• cash sale

• sales discount

• sales journal

• cash receipts journal

A cash discount on a sale taken by the customer.

• sales tax

• sales discount

• markup

• point-of-sale (POS) terminal

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

• selling price

• sales tax

• cash sale

• sales journal

A subsidiary ledger containing all accounts for charge customers.

• accounts receivable leger

• terminal summary

• ledger

• cash receipts journal

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

• sales tax

• sales journal

• cash sale

• batch report

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

• cash sale

• sales tax

• sales discount

• markup

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

• terminal summary

• cash receipts journal

• sales journal

• batch report