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which of the following items are netted against sales revenue to arrive at net sales (sales revenue to net sales)? (select all that apply.) multiple select question. cost of goods sold sales returns gross profit sales allowances deferred revenue sales discounts

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Sales discounts, sales returns, sales allowances

These 3 are subtracted from Sales Revenue, then, Cost of Goods Sold is subtracted from Sales Revenue to get Gross Profit

      Sales revenue is the money a business makes from selling products or offering services. Sales and revenue can, and frequently are, used interchangeably to refer to the same thing in accounting. It is significant to remember that revenue does not always equate to money received. One part of sales revenue may be paid in cash, and the other part may be paid on credit using methods like accounts receivable.

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