Explain the difference between gross sales and net sales

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Reference no: EM132082394

Question: What types of accounts are (or...how do we classify) Sales Discounts and Sales Returns and Allowances?

Explain the difference between Gross Sales and Net Sales.

Why do we track Sales Discounts and Sales Returns and Allowances separately? Why don't we have just one account for this?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132082394

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