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Gross Sale and Net Sale

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richardray
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Gross Sale and Net Sale  Reply with quote  

What is the difference between a gross sale and a net sale?
Post Mon Jul 25, 2011 2:37 pm
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poowan
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Gross sale..: Total invoice value of sales, before deducting for customer discounts, allowances, or returns...

net sales..: Gross sales minus returns, discounts, and allowances.
Post Tue Nov 22, 2011 10:44 am
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ting231
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I agree with the first floor
Post Tue Nov 22, 2011 3:05 pm
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johnbush
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Net sales is the total amount of sales generated by the business or a company including all the deductions for the total sales reports, while Gross sales is the total invoice of the value sales before you deduct the discounts and returns from your total sales reports
Post Tue Mar 13, 2012 3:58 am
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franks.benjamin
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Gross revenue or sale is the whole investment otherwise if you're talking about the net then it s just the profit which you earn after investing.
Post Fri Apr 13, 2012 7:47 am
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zacknicolas1
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Very useful discussion thanks for sharing friends..
Post Wed May 02, 2012 8:10 pm
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Anol12a
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The difference between Gross sale and net sale is :
--Gross sale..: Total invoice value of sales, before deducting for customer discounts.
--net sales..: Gross sales minus returns, discounts, and allowances.
Post Thu May 03, 2012 12:51 pm
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Swapnil
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Simple formula for Gross sales is
Gross sales = Net sales + goods returned, discount allowed
Net sales = Gross sales - Goods Returned, discount allowed.
Net Sales is arrived after deducting all the allowances, discounts and Sales Returns received from the customers, it is the actual sales that is to be taken while calculating the Gross Profit or Loss for a given period
Gross Sales is the opposite of the Net sales it is the grossing of the sales done before deducting any discount, allowances or sales returns, it is just shown as a part of disclosure in the books of accounts as per the Accounting standards.
Post Mon Mar 04, 2013 4:44 am
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mikesmithm2
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Whichever method you prefer, gross or net sales, it doesn't matter since both numbers ignore the cost of sales.
Post Mon Mar 04, 2013 10:14 am
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