Sales of $350,000 and net sales of $323,000 may reflect sales discounts of $27,000.
$350,000 - $323,000 = $27,000; may be sales discounts, sales returns and allowances, or a combination of the two.

Question

Quizplus · Accepted Answer

The statement is true as it suggests that the $27,000 difference between sales and net sales may be due to sales discounts, sales returns, and allowances, or a combination of these factors.

Sales of $350,000 and Net Sales of $323,000 May Reflect