SALES BUDGET Definition

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SALES BUDGET is the expected sales in units and dollars. See OPERATING BUDGET.

Learn new Accounting Terms

TRADING PROFIT is that profit earned from the short-term trading of securities that were held for less than one year. Such profit is usually subject to tax at regular income tax rates.

PROPRIETARY is an account, item, or information belonging to a company or individual. See PROPRIETARY ASSET.

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