12 terms

Methods Of Making Change

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Amount Tendered
The amount the customer gives the cashier to pay for a purchase.
Cash Drawer
The part of a cash register in which money is stored.
Change-Computation Register Method
A method of making change in which the cash register, when given the total amount of sale and the amount tendered, will electronically compute the amount of change due a customer.
Change Plate
A ledge above the cash drawer on which the cashier can place the amount tendered by the customer until the change-making transaction is completed.
Coin-Dispensing Method
A method of making change in which the cash register automatically computes the amount of change due a customer and releases the change due into a cup attached to the register.
Count-Forward Method
A method of making change in which the cashier counts forward from the amount of the sale to the amount tendered.
Goodwill
Positive feelings toward a business.
Indication Window
The part of the cash register, either front, side, or back, that can show the amount of each item purchased, total sale, and amount of change due.
Odd-Cent Method
A method of making change in which a customer gives the cashier an odd-cent amount in order to avoid recieving a lot of coins from the transaction; e.g., a customer gives $10.57 to pay for a $6.57 purchase.
Overage
The condition that exist when more money is in the register, at the end of a time period, than the calculations indiccate.
Shortage
The condition that exists when less money is in the register than calculations indicate should be there at the end of a period of time.
Short-Change Artists
Thieves who try to confuse cashiers into giving them more change than is due.