COMMISSION Definition

Bookmark and Share

COMMISSION is remuneration proportional to sales volume; stated as a percentage or monetary amount.

Learn new Accounting Terms

BUSINESS COMBINATION is the merger of separate entities or operations of entities into one reporting entity.

AVERAGE COST METHOD is using a weighted average cost for items in inventory rather than actual cost for each specific item.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.