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