Total sales less the sales price of any goods returned by customers, less any reduction in price given to customers, less cash discounts allowed by the seller, is called

Name: Total sales less the sales price of any goods returned by customers, less any reduction in price given to customers, less cash discounts allowed by the seller, is called
Brand: Quizplus
Rating: 4.7 (58 reviews)

Question

Quizplus · Accepted Answer

Net sales represent the actual amount of revenue earned by a company after deducting the returns, allowances, and discounts from the total sales.

Total Sales Less the Sales Price of Any Goods Returned