Accounting Fundamentals Chapter 10 Vocabulary Review

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

(a)  

A listing of customer accounts, account balances, and total amount due from all customers.

(a)  

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

(a)  

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

(a)  

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

(a)  

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

(a)  

A cash discount on a sale taken by the customer.

(a)  

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

(a)  

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

(a)  

A subsidiary ledger containing all accounts for charge customers.

(a)