Need clarification with a simple 'balance' sheet calculation

35 Views Asked by At

enter image description here

I really don't understand how they got the net air sales amount?Do you not need to take into account the contract savings, amount lost and all the other stuff below it? Can anyone clarify this, that knows how a balance sheet works?

1

There are 1 best solutions below

0
On BEST ANSWER

Net sales equals gross sales minus refunds.
It not a balance sheet. It is a summary report.