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

ATTEST is to authenticate, affirm to be true, genuine, or correct, as in an official capacity.

RISK ASSESSMENT PROCEDURES are the audit procedures performed to obtain an understanding of the entity and its environment, including the entity's internal control, to identify and assess the risks of material misstatement, whether due to fraud or error, at the financial statement and relevant assertion levels.

Suggest a Term

Enter Search Term

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