Sales are recorded at the amount of the sale less any sales discounts.

Name: Sales are recorded at the amount of the sale less any sales discounts.
Brand: Quizplus
Rating: 4.7 (38 reviews)

Question

Quizplus · Accepted Answer

Sales are typically recorded at the net amount (amount of the sale less any sales discounts) as this reflects the actual revenue earned by the company. This is in contrast to recording the gross amount of the sale (i.e. the full amount before discounts), which would not accurately reflect the amount of revenue earned.

Sales Are Recorded at the Amount of the Sale Less