Gross sales less sales returns and allowances less sales discounts equals
A)collectible sales.
B)net sales.
C)total sales.
D)operating sales.

Question

Quizplus · Accepted Answer

Net sales is calculated by subtracting sales returns and allowances and sales discounts from gross sales. It represents the total amount of sales revenue earned by a company after accounting for returns and discounts. Collectible sales, total sales and operating sales are not commonly used terms in accounting.

Gross Sales Less Sales Returns and Allowances Less Sales Discounts