The definition of net sales is sales minus sales discounts, sales returns, and sales allowances.
What is the definition of net sales?
The definition of net sales is sales minus sales discounts, sales returns, and sales allowances.
Harold Averkamp (CPA, MBA) has worked as a university accounting instructor, accountant, and consultant for more than 25 years. He is the sole author of all the materials on AccountingCoach.com. Read more about the author.