Acctg I - Ch 11
| Description: | Maplewood Rice Acctg Vocab Ch 11 |
| Category: | Accounting |
| Created by: | lrice@penncrest.org on 2009-01-22 |
| Question | Answer |
| A person or business to whom merchandise or services are sold | customer |
| A tax on the sale of merchandise or services | sales tax |
| A sale for which cash is received, in full, at the time of the transaction | cash sale |
| A sale in which a credit card is used at the time of the transaction | credit card sale |
| A sale for which cash will be received at a later date | sale on account |
| Source document prepared when cash is received on account | receipt |
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