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The Complete Idiot's Guide® To Accounting by Lita Epstein, Shellie L. Moore

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Taking In Cash

Most businesses take in some form of cash. Whether you are operating a retail store with a point of sale location, an in-home service business that collects money for services rendered in the home, or a consulting firm that collects money from clients, you probably have some cash transactions.
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DEFINITION
Point of sale is usually a location in a store that includes the cash register, a service counter, or any place that your customers can go to pay for and pick up merchandise.
At the time of sale, a sales slip is generated by hand or by cash register that includes information about the date of the purchase, a description of ...

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