ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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GROSS SALES Definition
GROSS SALES is the total revenue at invoice value prior to any discounts or allowances. See also GROSS REVENUE.
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FLOOR a series of European interest rate put options used to protect against rate moves below a set strike level.
SELL-THROUGH ACCOUNTING is where revenue is not recognized until after the product has been subsequently shipped from the wholesalers. See SELL-IN ACCOUNTING.
