Net sales, abbreviated as NS, is the total sales after accounting for discounts given, items returned, and allowances (adjustments for damaged goods).
Net Sales Formula |
| \(\large{ NS = GS - R - D - A }\) |
| Symbol |
| \(\large{ NS }\) = net sales |
| \(\large{ A }\) = allowances |
| \(\large{ D }\) = discounts |
| \(\large{ GS }\) = gross sales |
| \(\large{ R }\) = sales returns |
