Accounting for Sales and Cash Receipts: Key Concepts
The key terms in this section are:
- Accounts receivable subsidiary ledger
- Cash discount
- Cash receipt
- Cash sales
- Charge customer
- Contra account
- Controlling account
- Credit cards
- Credit memorandum
- Credit terms
- Inventory
- Merchandise retailer sale on account
- Sales
- Sales allowances
- Sales discount
- Sales return
- Sales slip
- Sales tax
- Subsidiary ledger
- Wholesaler