net sales

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Net sales

Gross sales less returns and allowances, freight out, and cash discounts allowed.

Net Sales

The amount a company receives from the sale of its products, after deducting discounts, returns of products by customers, and damaged, missing, or stolen products. Net sales provide the most accurate calculation of what a company has received or expects to receive in revenue from sales. Any financial statement indicating "sales" refers to net sales.

net sales

Gross sales for a period after cash discounts, returns, and freight expenses have been deducted. Compare gross sales.