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TeachMeFinance.com - explain sales sales -- the income received when goods or services are sold. historic definition... 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 purchases amounted to or were so much. 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 © 2005 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.