Total sales less total returns inwards is called "net sales". Net sales is a financial term used to refer to the total revenue generated by a business from the sales of its goods or services after adjusting for any returns or refunds given to customers. In other words, it is the amount of money a business earns from its sales transactions, minus any returns or refunds issued to customers. Net sales is an important financial metric for businesses because it reflects the actual revenue earned from the sale of goods or services, without any adjustments for discounts, taxes, or other expenses. It is a key indicator of a company's financial performance and is used to calculate gross profit and net profit.