SERVICE BUSINESS Definition

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SERVICE BUSINESS is a form of business providing different types of labor services in a wide variety of business sectors, e.g., lawn mowing, housecleaning and clothes cleaners are three types of consumer services offered to the general public.

Learn new Accounting Terms

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

GROSS SALES is the total revenue at invoice value prior to any discounts or allowances. See also GROSS REVENUE.

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