NET SALES TO GROSS SALES Definition

Bookmark and Share

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

CLOSING ACCOUNT is the determining the balance of an account and posting an entry to offset such balance.

UNDERSTATED is to represent as less than is the case.

Suggest a Term

Enter Search Term

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