Net sales revenue is equal to Sales revenue less Cost of sales.

Name: Net sales revenue is equal to Sales revenue less Cost of sales.
Brand: Quizplus
Rating: 4.8 (38 reviews)

Question

Quizplus · Accepted Answer

Net sales revenue is NOT equal to Sales revenue less Cost of sales. 
Net sales revenue is the total amount of sales revenue minus any reductions for returns, allowances or discounts. So the correct formula for net sales revenue is: 
Net sales revenue = Total sales revenue - (Returns + Allowances + Discounts)

Net Sales Revenue Is Equal to Sales Revenue Less Cost