CONDITIONAL SALES CONTRACT Definition

Bookmark and Share

CONDITIONAL SALES CONTRACT is a credit contract used for the purchase of equipment where the purchaser doesnt receive title of the equipment until the amount specified in the contract has been paid in full.

Learn new Accounting Terms

COMMON SIZED PERCENTAGES are financial statements in which each item is expressed as a percentage of a major financial statement component. In the Income Statement, each "Common Size %" is the field amount expressed as a percent of "Net Revenues." In the Balance Sheet, each "Common Size %" is the amount in the category as a percent of Total Assets. Common sized financial statements can be used to: a. identify key structural changes in a company's financial data over a period of time; b. more easily compare the financial data of firms that vary significantly in size; and, c. compare a company's financial data to industry norms.

INVOICE, CONSULAR is an invoice stamped or endorsed by the consulate of the country requiring such.

Suggest a Term

Enter Search Term

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