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