Accounting Fundamentals Chapter 10 Vocabulary Review

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

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

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

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

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

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

A cash discount on a sale taken by the customer.

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

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

A subsidiary ledger containing all accounts for charge customers.