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how to figure the sales on a income statement

how to figure the sales on a income statement

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Answer- At the end of accounting year we determine total sales for the income statement. First of all we have to write gross sales in starting and after that we have to subtract all discounts, returns and allowances which is given to customers. Net sales will be find this way. If any other revenue is given apart from the sales, it will also be added in net sales and total revenue will be obtained.

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