Our sales revenue can be reduced by certain transactions, such as discounts and merchandise returns.

Concept #1: Net Sales: Sales Discounts (Gross Method)

Please note: Most students will not need to learn the net method for sales discounts in this class. Double check if your class covers the net method for sales discounts!

Concept #2: Net Sales: Sales Discounts (Net Method)

Concept #3: Net Sales: Sales Discount Forfeited (Gross Method)

Please note: Most students will not need to learn the net method for sales discounts in this class. Double check if your class covers the net method for sales discounts!

Concept #4: Net Sales: Sales Discount Forfeited (Net Method)

Concept #5: Net Sales: Sales Returns

Concept #6: Net Sales: Sales Allowances