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Glossary


What is sales

02 Aug 2023
Author: Neil Helps

What is Sales

What is sales

The exchange of a commodity for money; the action of selling something. A transaction between the buyer and the seller in which the seller sells intangible or tangible goods, assets, or services against money is known as a sale.

A sale is done between two or more parties. In broader terms, a sale can be is understood as a contract between two or more parties for example, the buyer and the seller.

Frequently asked questions

What is the sales in business

Sales in business involve exchanging money or value for owning a product or getting a service. In an accounting context, sales refers to a company's revenue earned from the sales of products or services (net sales).

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