NET SALES TO GROSS SALES Definition

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NET SALES TO GROSS SALES shows the percent of all transactions that may be considered as "good" net transactions. Differences may arise from returns, bad product, or other sales concessions.

Learn new Accounting Terms

CUSTOMS are the authorities charged with collecting duty and controlling the entry of merchandise into a country.

FINISHED GOODS INVENTORY (FGI) is that portion of goods in inventory which have completed manufacture and are available for sale.

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