To determine sales revenue,the owner records sales revenue for the year and subtracts liabilities.

Question

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To determine sales revenue, the owner records all revenue earned from sales and does not subtract liabilities. Sales revenue is the amount of money generated from the sale of goods or services and is typically calculated by multiplying the number of items sold by the price of each item. Liabilities are debts or obligations owed by the company and are unrelated to sales revenue.

To Determine Sales Revenue,the Owner Records Sales Revenue for the Year