Please refer to the following trial balance. How much are Net sales revenues?

Name: Please refer to the following trial balance. How much are Net sales revenues?
Brand: Quizplus
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Question

Please refer to the following trial balance.  How much are Net sales revenues?

Quizplus · Accepted Answer

Net sales revenues are calculated by subtracting the total sales returns and allowances and sales discounts from the total sales revenue. In this trial balance, the total sales revenue is $160,000 and the sales returns and allowances and sales discounts add up to $5,000. Therefore, the net sales revenue is $155,000.

Please Refer to the Following Trial Balance