单词 | net sales |
释义 | net sales in Accounting (nɛt seɪlz) noun (Accounting: Financial statements, Income statement) net , net Net sales are total sales after subtracting discounts, returned goods, and allowances for damaged goods. On the income statement of a merchandising company, cost of goods sold is deductedfrom net sales to arrive at gross profit. The company's profits before tax constituted 31.26 percent of its net sales. Net sales are total sales after subtracting discounts, returned goods, and allowances for damagedgoods. |
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