what is the amount of net sales?
What are 'Net Sales' Net sales are the amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any discounts allowed. The sales number reported on a company's financial statements is a net sales number, reflecting these deductions. The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any discounts allowed. The sales number reported on a company's financial statements is a net sales number, reflecting these deductions. Because deductions from the gross sales are represented in the net sales figure, net sales gives a more accurate picture of the actual sales generated by the company or the money that it expects to receive.