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Also on a companyâs income statement, net sales are the sales after all discounts, price adjustments and returns have been considered. This is sometimes simply referred to as revenue.his is because the operating income amount can show the amount of revenue that will become the profit for the company. It is the before tax and interest profit from the companyâs operations.
Net sales and Net Income are not of the same thing. Net sales is sales less its contra accounts (sales returns and allowances, sales discounts). On the other hand, net income or profit is net sales less the expenses. Net sales and Net Income are not of the same thing. Net sales is sales less its contra accounts (sales returns and allowances, sales discounts). On the other hand, net income or profit is net sales less the expenses.