what is sales

Business and Personal Finance: When a Sale Is Not a Sale

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Recording Your Revenues – When a Sale Is Not a Sale Sometimes a sale does not stay a sale. This can happen when a customer returns whatever he bought, or a trade customer asks for a special allowance on wrong or substandard merchandise. At some point, you have probably returned something to a store (or … Read more

Business and Personal Finance: The Basics of Sales Transactions

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Recording Your Revenues – The Basics of Sales Transactions There is one thing all sales transactions have in common: a credit entry to the sales account. The rest depends on the particular circumstances sur- rounding the transaction, and there can be a lot of variation in those circumstances. ALERT! Remember, companies with inventory generally must … Read more