NET SALES Definition

Bookmark and Share

NET SALES is gross sales less discounts, allowances, sales returns, freight out, etc.

Learn new Accounting Terms

COUNTRY RISK is the risk a depositor takes when placing funds on deposit outside the United States. The host country where the funds are domiciled may decree that no fund may be expatriated, or sent out of that country, until the decree is lifted.

UNIT-CONTROL SYSTEM is an accounting system used in inventory management that tracks inventory using bin tickets and physical inventory checks.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.