Sales Revenue is recorded net of sales discounts,so it is labeled Net Sales Revenue on the income statement.

Name: Sales Revenue is recorded net of sales discounts,so it is labeled Net Sales Revenue on the income statement.
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Question

Quizplus · Accepted Answer

Sales revenue is recorded net of sales discounts, meaning that any discounts offered to customers are deducted from the total sales revenue. Therefore, the amount that appears on the income statement is referred to as Net Sales Revenue.

Sales Revenue Is Recorded Net of Sales Discounts,so It Is