Define sale
Define the meaning of sale in Accountancy?
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Sale: In accounting, sale means to sell the inventory of company. This reduction of inventory and for computing gross profit, we remove operating expenses from it. This is as well aim of business to sell the products of company. It’s another name is total revenue that we can compute by multiplying sale price with the quantity of goods sold.
A listing of the liabilities, assets, and equity of an entity at a point in time, the end of a month, or quarter, or year. It is one of the four financial statements required in a full financial report. The balance sheet gives the reader what the entity owns (assets)
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