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The original sale amount before any discounts, returns or allowances is:
AGross sales
BGrand sales
CGround sales
DGuided sales
Answer & Solution
Correct answer: A. Gross sales
1. Reductions are recorded separately at period end.
2. The unreduced figure is recorded first.
3. That figure is gross sales.
_Source: OpenStax Principles of Financial Accounting, Chapter 6, Merchandising Transactions._
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