SALES PROCEEDS Definition

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SALES PROCEEDS are the sum of the service units (products, services) sold by a corporation within a particular period. The sales proceeds are calculated from the quantities sold (pcs, kg, hrs) multiplied by the sales price per unit within a particular period.

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COMFORT LETTERS see KEEP-WELL AGREEMENTS.

PREFERENCE SHARE CAPITAL is capital raised by an entity through the sale of preferred shares.

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