What's the main differences between net and gross method

The manner in which these transactions are recorded has significant impact on the financialstatements ."There are primarily two ways of recording the transaction . on a"gross" Or" net" basis .Under the grass method , the entire amount received from the customer is recorded as revenue , and aCorresponding cast of sales is recorded to account for the payment made to the supplier for themerchandise . Under the net method , only the difference between what is received from thecustomer and what is paid to the supplier is recorded as revenue . This is consistent with recognizing*that the vendor earns a commission on the sale ."We illustrate the concept further with the use of anexample . Suppose an e - taller sells an airline ticket to a customer for $ 1, 040 online and remits $950)to the airline . The issue is how the e- tailer should journalize the two transactions ! ! ! '; the sale to thecustomer , and I Z'; the payment to the airline . Under the gross method of recognizing revenue , all thedate of sale to the customer , the journal entry is :"