Difference between gross sales and net sales
This query is : Resolved
Amarjeet Singh Dahiya
(Querist)
24 November 2013
Hi, can any one please tell me what is the difference between gross sales and net sale in bank loan form , kindly tell me what is adding in net sales to calculate gross sales please tell us all particulars.
Harish Bhandari
(Querist)
24 November 2013
please suggest me important chapters or portion for industrial labour and general laws .. and also for company accounts and auditing paper..
Nikhil Kaushik
(Expert)
24 November 2013
Gross sales is defined to be the total invoice value of sales, before deducting customers' discounts, returns, or allowances.
while
Net Sales The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any discounts allowed. The sales number reported on a company's financial statements is a net sales number, reflecting these deductions.
The difference between gross sales and net sales can come from two sources.
1. Sales returns
2. Customer discounts or allowances
while
Net Sales The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any discounts allowed. The sales number reported on a company's financial statements is a net sales number, reflecting these deductions.
The difference between gross sales and net sales can come from two sources.
1. Sales returns
2. Customer discounts or allowances
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CA Pallav Singhania
(Expert)
24 November 2013
Gross sales mean what you are charged as the overall total of your bill and net is all other deductions subtracted with what ever balance is left being your net.
Gross sales is defined to be the total invoice value of sales, before deducting customers' discounts, returns, or allowances.
Net Sales The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any discounts allowed. The sales number reported on a company's financial statements is a net sales number, reflecting these deductions..
Gross sales is defined to be the total invoice value of sales, before deducting customers' discounts, returns, or allowances.
Net Sales The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any discounts allowed. The sales number reported on a company's financial statements is a net sales number, reflecting these deductions..
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Tejpal Sheth
(Expert)
25 November 2013
Refer my video on YouTube for important topic. ..
25 November 2013
Agreed with aryan.
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