Accounting 1 Chapter 10
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| A person or business to whom merchandise or services are sold | Customer
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| A tax on a sale of merchandise or services | Sales Tax
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| A special journal used to record only sales of merchandise on account | Sales Journal
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| When revenue is recorded at the time goods or services are sold | Realization of Revenue
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| When an invoice is used as a source document | Objective Evidence
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| A sale in which cash is received for the total amount of the sale at the time of the transaction | Cash Sale
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| A sale in which a credit card is used for the total amount of the sale at the time of the transaction | Credit Card Sale
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| A computer used to collect, store, and report all the information of a sales transaction | Point-of-sale Terminal (POS)
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| The report that summarizes the cash and credit card sales of a point-of-sale terminal | Terminal Summary
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| A report of credit card sales produced by a point-of-sale terminal | Batch Report
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| The process of preparing a batch report of credit card sales from a point-of-sale terminal | Batching Out
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| A special journal used to record only cash receipt transaction | Cash Receipts Journal
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| A cash discount on sales taken by a customer | Sales Discount
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| Credit allowed a customer for the sale price of returned merchandise, resulting in a decrease in the vendor's accounts receivable | Sales Return
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| Credit allowed a customer for part of the sales price of merchandise that is not returned, resulting in a decrease in the vendor's accounts receivable | Sales Allowance
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| A form prepared by the vendor showing the amount deducted for returns and allowances | Credit Memorandum
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
TammieVanScyoc
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