Answered: What is the revenue account for a…

What is the revenue account for a merchandising business called? Group of answer choices gross profit fees earned net sales sales or sales revenue.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 6MC: Which of the following represents the components of the income statement for a merchandising...

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Question

What is the revenue account for a merchandising business called?

Group of answer choices

gross profit

fees earned

net sales

sales or sales revenue.

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