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net credit sales

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

The net amount of gross sales on credit minus the sales returns, sales allowances, and sales discounts which pertain to the sales on credit.

Dictionary

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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