Which of the following describes Net sales revenue?
A) Sales less Cost of goods sold
B) Sales less Sales discounts
C) Sales less Sales returns and allowances
D) Sales less Sales discounts less Sales returns and allowances

Question

Quizplus · Accepted Answer

Net sales revenue is the amount of sales revenue that remains after deducting sales returns and allowances and sales discounts. Therefore, the correct option is D which subtracts both sales returns and allowances and sales discounts from sales revenue to calculate Net sales revenue.

Which of the Following Describes Net Sales Revenue