BUSINESS ADMINISTRATION
FINANCIAL ACCOUNTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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point-of-sale terminal
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sales journal
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batching out
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batch report
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Detailed explanation-1: -terminal summary. 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.
Detailed explanation-2: -A terminal summary is a report that details the information related to the cash and credit card sales which are maintained by the point of sale terminal. A point of sale terminal is a computer that collects, stores, and reports all the information related to the sales transactions.
Detailed explanation-3: -A terminal summary is also known as a Z tape. True. Separate Transactions are recorded for cash credit card and debit card totals listed on a terminal summary.
Detailed explanation-4: -How does a POS terminal determine the price of an item? number and total of sales by credit card type.