The amount used by wholesalers to record sales in its sales journal is
A)the retail price.
B)the net price.
C)the list price.
D)the original price.

Question

Quizplus · Accepted Answer

Wholesalers usually record sales in their sales journal at the net price, which is the original price minus any discounts or allowances. The net price is what the wholesaler actually receives from the buyer. The retail price is the price at which the wholesaler sells the goods to the retailers, and the list price is the suggested selling price for the goods.

The Amount Used by Wholesalers to Record Sales in Its