Which of the Following Is NOT a Component Which Enters

question 50

Multiple Choice

Which of the following is NOT a component which enters into the calculation of net sales?

• A)Gross sales
• B)Customer returns
• C)Promotional allowances
• D)Interest

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Definitions:

Bonds

Fixed income investments representing a loan made by an investor to a borrower, typically corporate or governmental.

Loan Money

The act of giving money, property, or other material goods to another party in exchange for future repayment of the principal amount, along with interest or other finance charges.

Lottery

A form of gambling involving the drawing of numbers for a prize.

Winnings

Refers to the money or prizes earned from gambling, contests, or competitions.