Accounting Ch. 12
Order by
8 terms
Terms | Definitions |
|---|---|
 Cash Receipt | cash received by a business |
| Receipt | form that serves as a record of cash received |
| Cash Sales | transaction in which a business receives full payment for the merchandise sold at the time of the sale |
| Bank Card | credit card issued by a bank and honored by many businesses |
| Cash Discount | amount a customer can deduct if they merchandise is paid for within a certain time |
| Contra Account | an account whose balance is a decreased in another account's balance |
| Cash Receipts Journal | special journal used to record all transaction in which cash is received |
| Schedule of Accounts Receivable | a report listing each charge customer, the balance in the customer's accounts, and the total amount due from all customers |
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