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What does total sales mean?

Levi Martinez | 2023-05-07 15:01:20 | page views：1463
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Charlotte Harris

Studied at Stanford University, Lives in Palo Alto, CA
Gross sales are the grand total of all sale transactions reported in a period, without any deductions included within the figure. Net sales are defined as gross sales minus the following three deductions: Sales allowances. A reduction in the price paid by a customer, due to minor product defects.
2023-05-11 15:01:20
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Madison Brown

QuesHub.com delivers expert answers and knowledge to you.
Gross sales are the grand total of all sale transactions reported in a period, without any deductions included within the figure. Net sales are defined as gross sales minus the following three deductions: Sales allowances. A reduction in the price paid by a customer, due to minor product defects.
The difference between gross sales and net sales �� AccountingTools
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