Most Retail Stores Use A(n) _________________________ to Record Purchases, Process

question 36

Short Answer

Most retail stores use a(n) _________________________ to record purchases, process credit or debit cards, and update inventory.

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Definitions:

Equipment

Tangible property (other than land or buildings) that is used in the operations of a business, such as machinery or computer hardware.

Subsidiary Ledger

A detailed ledger that contains the individual accounts related to a specific parent account, facilitating more detailed financial tracking and analysis.

General Ledger

A complete record of all financial transactions over the life of a company, organized by accounts.

Detail

A specific or minor part of a larger matter; often refers to particular information or features.