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    JustJennifer's Avatar
    JustJennifer Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Jul 10, 2008, 09:16 AM
    Computing Net Sales
    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's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Jul 10, 2008, 11:11 PM
    Sales less discounts less returns & allowances. i.e. gross sales minus anything that would reduce sales.
    waymancarter's Avatar
    waymancarter Posts: 1, Reputation: 1
    New Member
    		  
    #3

    Dec 16, 2008, 01:11 AM
    Comment on morgaine300's post
    I do not understand the answer, it would be easier to understand if there were an example.
    lesiht's Avatar
    lesiht Posts: 3, Reputation: 1
    New Member
    		  
    #4

    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
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