10-3 Flashcards
1
Q
cash sale
A
A sale in which the customer pays for the total amount of the sale at the time of the transaction.
2
Q
point-of-sale (POS) terminal
A
A specialized computer used to collect, store, and report all the information about a sales transaction.
3
Q
terminal summary
A
The report that summarizes the cash and credit card sales of a point-of-sale terminal. A terminal summary is also known as a Z tape.
4
Q
batch report
A
A report of credit card sales produced by a point-of-sale terminal.
5
Q
batching out
A
The process of preparing a batch report from a point-of-sale terminal
6
Q
cash receipts journal
A
A special journal used to record only cash receipt transactions.
