Net sales is best described by which of the following?
A) total sales for the accounting period
B) profit after cost of goods sold is deducted
C) amount after deducting sales discount and returns and allowances from gross sales
D) profit after all expenses are paid

Question

Quizplus · Accepted Answer

Net sales is the amount of revenue generated after deducting sales discounts, returns, and allowances from gross sales. It is an important metric for analyzing a company's revenue from its core operations.

Net Sales Is Best Described by Which of the Following