is net sales= net revenue? term sales and revenue are same? is Net sales and cost...

is net sales= net revenue? term sales and revenue are same? is Net sales and cost of goods sold same?

Expert Solution

No net sales can't be equal to net revenue, as every business will have one or other cost to be incurein for making sale either. Net sales is nothing but the total sales netted of by sales return.It can be said as goods sold with margin/profit on cost of goods sold.
Term sales is about of goods sold with profit margin or income accrued by selling of goods where as revenue is including sales in addition to other incomes I.e total income from business or total money made from budbusin.
Net sales is margin+cost of goods sold I.e cost of sales inclusive of out profit margin in other words, Net sales are the total amount of revenue gained from a business by selling its product, minus discounts, and sales returns and allowance. Where as cost of goods is calculated by adding the cost of goods purchased to the value of inventory at the beginning of the year, plus the cost of freight, minus the value of inventory at the end of the period. Hence both the terms can't be same.

ekkarill92 answered 1 year ago

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