Lesson 5: Sales Revenue

Glossary - Know Your Words

Accounting is the language of business. To become proficient in accounting, it's essential to understand the terminology associated with each concept. Every lesson introduces specific terms, and we encourage you to take the necessary time to study each one carefully. Our glossary allows you to learn definitions in the context of related terms. It's a simple yet powerful tool that our university students have trusted for years to master accounting.

Aging of Accounts Receivable
Allowance for Uncollectible Accounts Receivable
Allowance Method of Accounting for Uncollectible Accounts Receivable
Bad Debt Expense
Cash Discount
Cash Sales
Contra-Asset Account
Contra-Revenue Account
Cost of Goods Sold
Credit Card Sales
Credit Policies
Credit Sales
Direct Write-Off Method of Accounting for Uncollectible Accounts Receivable
Gross Margin
Gross Sales Revenues
Markup
Merchandise Return
Net Realizable Value of Accounts Receivable
Net Sales Revenues
Percentage Markup
Sales Discounts
Sales Returns and Allowances
Sales Revenues
Uncollectible Accounts Receivable