18 Which of the following equations is incorrect? Answer is required. one option.

(1.5 points)

Net sales = total sales - sales returns and allowances - sales discount

net sales = gross profit - cost of goods sold

Cost of Goods Sold = Net Sales - Gross Profit

Net purchases = total purchases - purchase returns and allowances - purchase discounts

q 20. The project's property and assets such as land, buildings, merchandise and others are called: The answer is required. one option.

(1.5 points)

Revenues

fake accounts

personal accounts

assets