Which one of the following is not used to calculate net sales? A. Sales returns and allowance B. Purchases C. Sales discount D. Gross sales

Question

asked Jan 21, 2019 35.0k views

1 Answer

Cnvzmxcvmcx · Answer 1 · 2019-01-26T23:48:41+0000

Answer:

B. Purchases

Explanation:

Net sales will be ...

... Net Sales = Gross Sales - Returns & Allowances - Sales Discount

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Purchases are involved in the computation of profit, but not in the computation of net sales.