Sale

[seyl]

What is the definition of Sale?

A transaction between a buyer and a seller in which the buyer receives goods, services, or securities in exchange for money or other consideration.

Using Sale in an Example

In accounting, a sale is recorded when a company delivers a product or service to a customer in exchange for monetary compensation. This transaction is documented through an invoice and recognized in the company's financial statements, impacting both the revenue and the accounts receivable.

Using Sale in a sentence

The company reported an increase in sales this quarter, reflecting higher demand for their products.

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