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JustJennifer
Jul 10, 2008, 09:16 AM
How to you compute net sales? I have this assignment due on Sunday and one of the problems is to compute the net sales for the company. The assignment has the adjusted trial balance, I just do not know how to compute net sales.

Thanks,

Jennifer
morgaine300
Jul 10, 2008, 11:11 PM
Sales less discounts less returns & allowances. i.e. gross sales minus anything that would reduce sales.
lesiht
Oct 13, 2009, 05:47 PM
Formula to Compute Net Sales

Sales
Less: Sales Returns & Allowances
Sales Discounts
NET SALES
:)
EX:
Sales = $12000
Less: Sales Returns & Allowances = (2000)
Sales Discounts = (1000)
NET SALES = $9000

OR
$12000
- 2000
- 1000
9000