REMITTING BANK Definition

Bookmark and Share

REMITTING BANK is a bank that sends a draft to the overseas bank for collection.

Learn new Accounting Terms

SELL-IN ACCOUNTING records shipments to wholesalers as product sales whether or not they expand retail or wholesale stocking, i.e. revenue is recorded when a product enters the distribution stream while sell-through does not. See SELL-THROUGH ACCOUNTING.

NET SALES is gross sales less discounts, allowances, sales returns, freight out, etc.

Suggest a Term

Enter Search Term

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