Calculation: Gross Sales at list price less discounts, sales returns and allowances, but before subtracting the Cost of Sales and Operating Expenses.
Sales is the revenues from the sale of goods and services which are part of the company’s regular operations. (Non-operating revenues, e.g. the sale of surplus equipment, would show up as an Adjustment rather than Sales Revenue.)
The term ‘Sales’ generally refers to Net Sales. The term ‘Total Sales’ could refer to Gross Sales or Net Sales.
Net Sales is the number used if the line item just says ’Sales.’ in Financial Statements
term list.