Generally, the revenue account for a merchandising business is entitled A) Sales B) Net Sales C) Gross Sales D) Gross Profit?

The correct answer is B) Net Sales.

Net Sales refers to the total revenue generated by a business from its sales after deducting returns, allowances, and discounts. It provides a clearer picture of a company’s revenue than Gross Sales, which is simply the total sales before any deductions. Gross Profit, on the other hand, represents the difference between sales and the cost of goods sold, not directly a revenue account.