The act of selling; the transfer of property, or a contract to transfer the ownership of property, from one person to another for a valuable consideration, or for a price in money.
Recorded when goods or services are provided to others and the original nature of the costs have changed. With a sale, a rate is developed and billed as one unit. An example of a sale is when an instrument shop manufactures instruments used in research. The billed amount to users includes salaries, service contracts, supplies, and perhaps equipment depreciation which are the inputs into the final product or service. Also see Transfer.
An agreement between a buyer and a seller on the price to be paid for a security, followed by delivery.