Find the best solutions to your questions at Westonci.ca, the premier Q&A platform with a community of knowledgeable experts. Get immediate answers to your questions from a wide network of experienced professionals on our Q&A platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

a company must accrue for estimated future returns at the end of the period in which the related sales revenue is recognized.

Sagot :

A company must accrue for estimated future returns at the end of the period in which the related sales revenue is recognized  --- True

What does sales mean?

Income is income from products and services before deduction of costs. It is typically calculated over a defined period of time, such as a fiscal year or quarter. From an accounting perspective, turnover is a component of a company's turnover. In the income statement, turnover is usually called gross turnover. Companies can also report net sales. This is the result of subtracting returns from gross sales.

Why Sales  Revenue Matter ?

Revenue is the first metric reported on the income statement. There are good reasons for this. This represents the starting point for a company to determine its net profit.

Learn more about sales revenue :

brainly.com/question/29436143

#SPJ4