net sales(redirected from Sales (accounting))
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Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Gross sales for a period after cash discounts, returns, and freight expenses have been deducted. Compare gross sales.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.