Busy. Please wait.
Log in with Clever

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever

Username is available taken
show password

Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Didn't know it?
click below
Knew it?
click below
Don't Know
Remaining cards (0)
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Accounting Ch.10

Customer A person or business to whom merchandise or services are sold
Sales Tax a tax on a sale of merchandise or service
Sales Journal A special journal used to record only sales of merchandise
Cash Sale A sale in which cash is received for the total amount of the sale at the time of the transaction
Credit Card Sale A sale in which a credit card is used for the total amount of the sale at the time of the transaction
Point-of-sale (POS) Terminal A computer used to collect, store, and report all the information of a sales transaction
Terminal Summary The report that summarizes the cash and credit card sales of a point-of-sale terminal
Batch Report A report of credit card sales produced by a point-of-sale terminal
Batching out The process of preparing a batch report of credit card sales from a point-of-sale terminal
Cash receipts Journal a special journal used to record only cash receipt transactions
Sales discount A cash discount on sales taken by a customer
Sales return Credit allowed a customer for the sales price of a returned merchandise, resulting in a decrease in the vendor's account receivable
Sales allowance Credit allowed a customer for part of the sales price of merchandise that is not returned, resulting in a decrease in the vendor's account receivable
Credit memorandum A form prepared by the vendor showing the amount deducted for returns and allowances
Created by: bailey.baucom69
Popular Accounting sets




Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
restart all cards