SALES PROCEEDS Definition

Bookmark and Share

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.

Learn new Accounting Terms

POOL is: 1. a group of people organized for a specific purpose or any communal combination of funds; 2. in capital budgeting, the concept that investment projects are financed out of a pool of bonds, preferred stock, and common stock, and a weighted-average cost; 3. in insurance, a group of insurers who share premiums; and 4. in investments, the combination of funds for the benefit of a common project, or a group of investors who use their combined influence to manipulate prices.

DEPRECIATION REVERSAL is the reversal of a depreciaton amount in the depreciation reserve account.

Suggest a Term

Enter Search Term

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