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2. Trading statement - Wikipedia

   en.wikipedia.org/wiki/Trading_statement

   The trading statement is an expanded version of sales portion of the Income statement. The trading statement's main objective is to determine sales, cost of sales and gross profit . [ 1 ] The trading statement it's part of effective book keeping within the accounting discipline .

3. Sales (accounting) - Wikipedia

   en.wikipedia.org/wiki/Sales_(accounting)

   Gross sales are the sum of all sales during a time period. Net sales are gross sales minus sales returns, sales allowances, and sales discounts. Gross sales do not normally appear on an income statement. The sales figures reported on an income statement are net sales. [4] sales returns are refunds to customers for returned merchandise / credit ...

4. Revenue - Wikipedia

   en.wikipedia.org/wiki/Revenue

   It is often referred to as the "top line" due to its position at the very top of the income statement. This is to be contrasted with the "bottom line" which denotes net income (gross revenues minus total expenses). [3] In general usage, revenue is the total amount of income by the sale of goods or services related to the company's operations.

5. Gross vs. Net Income: Understanding the Difference - AOL

   www.aol.com/gross-vs-net-income-understanding...

   Gross income measures the profit generated from sales alone, using your total revenue minus the cost to of the goods you sold. Find out how net come is different. Gross vs. Net Income ...

6. Profit Impact of Market Strategy - Wikipedia

   en.wikipedia.org/wiki/Profit_Impact_of_Market...

   Relative product quality correlates positively (explains approx. 10 %): Important reasons for the positive correlation are above all higher achievable prices for premium products, but also the higher willingness of consumers to buy high-quality services, so that the sales volume increases and thus positively influences the market share (see above).

7. Financial accounting - Wikipedia

   en.wikipedia.org/wiki/Financial_accounting

   The balance sheet is the financial statement showing a firm's assets, liabilities and equity (capital) at a set point in time, usually the end of the fiscal year reported on the accompanying income statement. The total assets always equal the total combined liabilities and equity. This statement best demonstrates the basic accounting equation: