A specialized computer used to collect, store, and report all the information about a sales transaction.
Accounting Chapter 10 Review

Quiz
•
Business
•
9th - 12th Grade
•
Hard
Lynn Blex
Used 6+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Terminal Summary
Batch Report
Point-of-Sale (POS) Terminal
Sales Tax
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The process of preparing a batch report from a point-of- sale terminal.
Batching Out
Batch Report
Markup
Point-of-Sale (POS) Terminal
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A sale in which the customer pays for the total amount of the sale at the time of the transaction.
Cash Receipts Journal
Cash Sale
Sales Tax
Sales Discount
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A report of credit card sales produced by a point-of-sale terminal.
Batching Out
Markup
Batch Report
Terminal Summary
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount a business adds to the cost of merchandise to establish the selling price.
Sales Tax
Cash Sale
Sales Discount
Markup
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A batch report is a detailed report of cash sales during a specific period of time.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The balance of Accounts Receivable should equal the total of the schedule of accounts receivable.
True
False
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