Short notes difference between Gross Sale and Net Sales

Posted on 06-05-2016        By ADMIN

Short notes difference between Gross Sale and Net Sales

Gross Sale – It shows the balance in the sales ledger whichis not adjusted for discounts or returns – as sales returns. It’s the gross totalof all sales transactions being reported during a particular period.

Net-Sales – It represents gross sales (As Stated above)minus the three deductions, such as, sales allowances, sales returns and salesdiscounts.


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