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Alexandria Thomas
on Dec 16, 2024

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If merchandise sells for $3,500, with terms of 3/15, n/45, and the cost of the inventory sold is $2,100, the amount charged to sales is

A) $3,395
B) $3,500
C) $2,037
D) $2,100

Cost of Inventory Sold

The total cost of goods sold during a specific period, including the cost of acquiring or manufacturing the goods.

Sales

The transactions involved in selling goods or services to customers, generating revenue for a business.

  • Ascertain and appreciate the effects of sales discounts, returns, and allowances on gross profit.
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Shikha DuttaDec 22, 2024
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