When one company is acting as an agent on behalf of another company or individual, it will normally report revenues on a net basis.

Name: When one company is acting as an agent on behalf of another company or individual, it will normally report revenues on a net basis.
Brand: Quizplus
Rating: 4.8 (39 reviews)

Question

Quizplus · Accepted Answer

When acting as an agent, the company only collects a commission or fee for its services and therefore reports the revenue on a net basis after deducting these expenses.

When One Company Is Acting as an Agent on Behalf