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Net Sales
The amount of sales revenue left after deducting sales returns, allowances, and discounts.
Cash Basis
An accounting method where revenues and expenses are recorded only when cash is received or paid, respectively.
Earned Revenues
Income generated from the normal business operations after the delivery of goods or services to customers.
Prepaid Costs
Expenses paid in advance for goods or services to be received in the future, recorded as assets until they are consumed.
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