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TeachMeFinance.com - explain Sales bill historic definition... 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. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.