TVS Accounting1-10 Word Scramble
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Question | Answer |
A person or business to whom merchandise or services are sold | Customer |
A tax on a sale of merchandise or services | Sales Tax |
A special journal used to record only sales of merchandise on account | Sales Journal |
When revenue is recorded at the time goods or services are sold | Realization of Revenue |
When an invoice is used as a source document | Objective Evidence |
A sale in which cash is received for the total amount of the sale at the time of the transaction | Cash Sale |
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 |
A computer used to collect, store, and report all the information of a sales transaction | Point-of-sale Terminal (POS) |
The report that summarizes the cash and credit card sales of a point-of-sale terminal | Terminal Summary |
A report of credit card sales produced by a point-of-sale terminal | Batch Report |
The process of preparing a batch report of credit card sales from a point-of-sale terminal | Batching Out |
A special journal used to record only cash receipt transaction | Cash Receipts Journal |
A cash discount on sales taken by a customer | Sales Discount |
Credit allowed a customer for the sale price of returned merchandise, resulting in a decrease in the vendor's accounts receivable | Sales Return |
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 |
A form prepared by the vendor showing the amount deducted for returns and allowances | Credit Memorandum |
Created by:
TammieVanScyoc
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