0
It is the moment where the register immediately takes the cash from your back account. This is what a point of sale refers to. I hope that this will help you out.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What do you mean by Cash Memo?
a cash memo is a document prepared by the seller and given to the buyer during a purchase or sale transaction
What is a point of sales?
a point of sale is the place where the sales-transaction (the exchange of goods/services for money, etc) occurs. can be virtually anywhere but depends on goods/services being offered.
What is the source document for recording a cash sale transaction?
original tax invoice
What journal entry is used to record purchase discounts?
It depends on the kind of discount and agreement that has been agreed upon in the sale transaction. Here is an example of a journal entry for discount for a normal credit sale transaction: Accounts receivable 9000 (dr) Discount from sale 500 (dr) Sales 9500 (cr)
How to lower the cost of capital gains on selling a bed and breakfast?
By getting professional tax advice BEFORE selling, contracting to sell, or even listing the property for sale. Too often, people come to a tax pro AFTER the transaction is complete asking how to save on taxes. At that point, there is generally little or nothing that can be done, all that they can tell their clients is the proper way to report the sale on their tax return. If the client had asked for advice before the transaction, ways could have been found to structure the transaction to save on taxes.
Is point of sale hyphenated?
Point of sale is a business term used to describe when the retail transaction is complete. The phrase "point of sale" is not hyphenated.
What is a point sale machine?
Point Of Sale (POS) machine is a terminal or part of the checkout process that processes credit or debit cards and finalizes the transaction.
Is a sale of an irrevocable investment trust considered an arm's length transaction?
lol and urumm
What is meant in retail by the 'point of sale'?
In retail stores the point of sale is where the final transaction is made and completed. This means when a cash desk, cashier or automatic cashier totals up the bill and one pays the final amount, this is the point of sale.
What is the point of sale and what does that really mean?
Point of sale is the system which a store uses to record the purchases of the store's customers. This can be done on registers or a computer system that makes records of each transaction.
What is the definition of Point Of Sales?
The definition of Point of Sales, according to Wikipedia, is the location where a sale transaction is actually completed between a merchant and a buyer.
What is an affidavit of sale?
An affidavit of sale or bill of sale is a document that records a transaction. All parties involved in the transaction must sign this document.
What is a point of sale machine?
Point Of Sale (POS) machine is a terminal or part of the checkout process that processes credit or debit cards and finalizes the transaction.
Are companies expected to provide order fulfillment?
An initial inquiry made to a company results in the purchase of a product; the expectation of the consumer is that the product will be delivered. This is considered a point of sale transaction, which is no different than a face-to-face transactionis. Yes.
What do you mean by Cash Memo?
a cash memo is a document prepared by the seller and given to the buyer during a purchase or sale transaction
What is a point of sales?
a point of sale is the place where the sales-transaction (the exchange of goods/services for money, etc) occurs. can be virtually anywhere but depends on goods/services being offered.
What is meant by a point of sale terminal?
This is when a sale is final. The retailer will read the customers bank information and the cash is taken out of the account. This transaction will usually take 2 to 4 days depending on the bank.
