Examlex
"Auction Value" is another term for what?
Account Category
A classification within accounting systems used to organize and report on financial transactions based on their nature.
Gross Sales
The total sales revenue of a company before any deductions for returns, allowances, or discounts.
Net Sales
The total revenue from sales after deducting returns, allowances for damaged or missing goods, and discounts.
Sales Discounts
Concessions granted by sellers to buyers as an incentive to encourage prompt payment, recorded as a deduction from revenue.