Question

Total revenues less discounts, returns, and allowances are referred to as ________ revenues. (Enter only one word.)

Answer 1

Net revenues represent the actual amount of money a company earns after deducting discounts, returns, and allowances from its total sales.

Step-by-step explanation:

Total revenues less discounts, returns, and allowances are referred to as net revenues. Net revenues represent the actual amount of money a company earns after deducting these various expenses and adjustments from its total sales.