Match the items below by choosing the appropriate code letter .
-Sales less sales returns and allowances and cash discounts.
A) Net sales
B) Cash discount
C) Credit terms
D) Periodic inventory system
E) Gross profit ratio
F) Contra revenue
G) Freight-out
H) Gross profit
I) Sales invoice
J) Business activity statement
K) Input tax credit
L) Purchase discount

Question

Quizplus · Accepted Answer

Net sales is the term used to describe sales after subtracting sales returns and allowances and cash discounts.

Match the Items Below by Choosing the Appropriate Code Letter