From everyday questions to specialized queries, IDNLearn.com has the answers. Discover in-depth answers from knowledgeable professionals, providing you with the information you need.
Sagot :
A company must accrue for estimated future returns at the end of the period in which the related sales revenue is recognized --- True
What does sales mean?
Income is income from products and services before deduction of costs. It is typically calculated over a defined period of time, such as a fiscal year or quarter. From an accounting perspective, turnover is a component of a company's turnover. In the income statement, turnover is usually called gross turnover. Companies can also report net sales. This is the result of subtracting returns from gross sales.
Why Sales Revenue Matter ?
Revenue is the first metric reported on the income statement. There are good reasons for this. This represents the starting point for a company to determine its net profit.
Learn more about sales revenue :
brainly.com/question/29436143
#SPJ4
Thank you for participating in our discussion. We value every contribution. Keep sharing knowledge and helping others find the answers they need. Let's create a dynamic and informative learning environment together. IDNLearn.com has the solutions you’re looking for. Thanks for visiting, and see you next time for more reliable information.
