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I need to calculate Net Sales - this is what I'm using Net sales = Gross Sales - Sales returns, allowances and discounts. What is
I need to calculate Net Sales - this is what I'm using Net sales = Gross Sales - Sales returns, allowances and discounts.
What is Gross Sales - throughout the accounting period all sales have been on accounts receivable
To calculate gross sales do I use my accounts receivable figure which is including GST collected or do I use the sales revenue figure ?
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