In accounting and spreadsheets, what are 'sales'? are they the amount of goods sold or the money made ?
the amount of money made from those goods? Or is it profit? or could they be looked at as the same thing?
Other - Business & Finance - 5 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
you are right
Answer 2 :
The value of the goods sold, ie the revenue.
Answer 3 :
I think sales is the amount of goods sold which is not necessarily the same as profit. There would be a separate sheet for the profit or loss.
Answer 4 :
'Sales' are income or revenue from sales of products or services provided. The money made or profit will be the difference between the revenue from sales and the costs involved in producing that revenue, including running the company.
Answer 5 :
Sales is the total amount of money you receive from your customers. From that you deduct the "cost of sales", which is things like the price you paid for the stock, cost of delivery in and delivery out etc. This gives you your gross profit. From that you deduct general expenses such as utility bills, wages, rent etc. That gives you your net profit.
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