Statistical Terms

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Definition	In accordance with the realization principle, sales can only be recorded in the budget once the underlying goods or services associated with the sales have been delivered or rendered with the exception of construction and shipbuilding industries where unfinished projects are recorded in the budget in accordance with the degree of their progress towards completion.
Commentary	Refers to revenues generated by sales of products and provision of services. Also refers to net sales which are measured by subtracting sales returns and discounts from the total sales (includes sales from semi-finished goods, by-products, wastes, etc.)
Source	KOSTAT (Economic Census)