Net Sales

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

\(\large{ NS = GS -  R -  D - A }\)

Where:

\(\large{ NS }\) = net sales

\(\large{ A }\) = allowances

\(\large{ D }\) = discounts

\(\large{ GS }\) = gross sales

\(\large{ R }\) = sales returns