net sales(redirected from Sales (accounting))
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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.
Gross sales for a period after cash discounts, returns, and freight expenses have been deducted. Compare gross sales.