Goods Transfer

Agreement of Sale
An 'Agreement of Sale' is a legal contract between a buyer and a seller in which the seller agrees to sell, and the buyer agrees to buy, specific goods under predetermined terms and conditions. This agreement outlines the price, delivery terms, payment methods, and other essential provisions necessary for the transfer of goods ownership.
Distributor
A distributor is an intermediary or one of a chain of intermediaries that specializes in transferring a manufacturer's goods or services to consumers, often aiding in the efficient management of supply chains.

Accounting Terms Lexicon

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