gross sales


gross sales
The entire amount of the entire sales of a business for a specific period of time. As used in a tax statute imposing a privilege tax on the "gross sales" of wholesale dealers, the term means the gross prices paid for the products named. Pure Oil Co. v State, 244 Ala 258, 12 So 2d 861, 148 ALR 260.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • Gross sales — is defined to be the total invoice value of sales, before deducting customers discounts, returns, or allowances.mathrm{Net Sales}=mathrm{Gross Sales} mathrm{(Customer Discounts, Returns, Allowances)} …   Wikipedia

  • gross sales — The total dollar value of all revenue derived by the firm from the principal operations of its business during the period covered by the income statement report. American Banker Glossary total sales calculated by summing all sales at invoice… …   Financial and business terms

  • Gross Sales — A measure of overall sales that isn t adjusted for customer discounts or returns, calculated simply by adding all sales invoices, and not including operating expenses, cost of goods sold, payment of taxes, or any other charge. Gross sales is… …   Investment dictionary

  • gross sales — /grəυs seɪlz/ plural noun money received from sales before deductions for goods returned, special discounts, etc. ● Gross sales are impressive since many buyers seem to be ordering more than they will eventually need …   Marketing dictionary in english

  • gross sales — /grəυs seɪlz/ plural noun money received from sales before deductions for goods returned, special discounts, etc. ● Gross sales are impressive since many buyers seem to be ordering more than they will eventually need …   Dictionary of banking and finance

  • gross sales — noun income (at invoice values) received for goods and services over some given period of time • Syn: ↑gross revenue, ↑sales • Hypernyms: ↑income …   Useful english dictionary

  • gross sales — noun The total invoice value of sales, before deducting customers discounts, returns, or allowances …   Wiktionary

  • gross sales — Total sales before the deduction of *discounts, *allowances for bad debts, and *customer returns …   Auditor's dictionary

  • gross sales — Total of all sales at invoice prices, not reduced by discounts, allowances, returns, commissions, or other adjustments …   Black's law dictionary

  • gross sales — Total of all sales at invoice prices, not reduced by discounts, allowances, returns, commissions, or other adjustments …   Black's law dictionary


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