Sales

In transactions in stocks, grain, cotton, coffee and other things dealt in on exchanges the term purchases is not used; the term sales is used instead. Whether in an advancing market, when the general desire is to purchase, or in a declining market, when the general desire is to sell, the custom is to say sales amounted to or were so much and not to say pur-, chases amounted to or were so much. 2 Sales account. The correct term is account sales; see Account sales.; Sales bill. This term is sometimes applied to a bill of exchange (draft) drawn against goods sold, or rather, drawn on the buyer of the goods. A better term is commercial bill. For additional information see Domestic exchange; also see Foreign exchange. The term sales bill is also sometimes used in the sense of account sales; see Account sales.