The excess of net revenue from sales over the cost of goods sold is called _____.

Question

Quizplus · Accepted Answer

The excess of net revenue from sales over the cost of goods sold is called gross profit. Accounts receivable refers to money owed to a company by its customers for goods or services provided. Operating income is the profit earned from a company's core business operations. Accounts payable refers to the money a company owes to its suppliers for goods or services received.

The Excess of Net Revenue from Sales Over the Cost