Retail Sales

Push Money (PM)
Push money (PM), also known as promotional money or prize money, refers to additional compensation given by a manufacturer to retail salespeople to incentivize the selling of its products.
Sales Tax
Sales tax is a consumption tax imposed by governments on the sale of goods and services, typically calculated as a percentage of the selling price. It is paid by the consumer at the point of purchase and collected by the retailer, who then remits it to the government.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.