Accounting Ch.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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| Customer | A person or business to whom merchandise or services are sold
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| Sales Tax | a tax on a sale of merchandise or service
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| Sales Journal | A special journal used to record only sales of merchandise
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| Cash Sale | A sale in which cash is received for the total amount of the sale at the time of the transaction
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| 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
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| Point-of-sale (POS) Terminal | A computer used to collect, store, and report all the information of a sales transaction
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| Terminal Summary | The report that summarizes the cash and credit card sales of a point-of-sale terminal
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| Batch Report | A report of credit card sales produced by a point-of-sale terminal
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| Batching out | The process of preparing a batch report of credit card sales from a point-of-sale terminal
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| Cash receipts Journal | a special journal used to record only cash receipt transactions
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| Sales discount | A cash discount on sales taken by a customer
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| Sales return | Credit allowed a customer for the sales price of a returned merchandise, resulting in a decrease in the vendor's account receivable
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| 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
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| Credit memorandum | A form prepared by the vendor showing the amount deducted for returns and allowances
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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:
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