calculation of coast of goods sold

Categories >> Accounting >> Accounting General
Suggest New Category

Question Posted / hasini

6 Answers
9017 Views
Capital IQ, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

calculation of coast of goods sold..

Answer / raju

sales - gross profit

Is This Answer Correct ?

8 Yes

0 No

calculation of coast of goods sold..

Answer / priyul

Opening Stock + Purchase + Expenses related to purchase -
Closing stock.

Is This Answer Correct ?

7 Yes

1 No

calculation of coast of goods sold..

Answer / kannan

I'll give the full format
cost of goods sold
-------------------
opening stock+expenes of purchase(freight)-discount-closing stock

Is This Answer Correct ?

1 Yes

0 No

calculation of coast of goods sold..

Answer / saurav negi

manufacturing condition-
opening stock + purchase - closing stock
trading condition -
opening stock + expense of purchase - discount / commission -closing stock

Is This Answer Correct ?

0 Yes

0 No

calculation of coast of goods sold..

Answer / manu

sales-gross profits

Is This Answer Correct ?

0 Yes

0 No

calculation of coast of goods sold..

Answer / barodianbuddy(acca)

General answer:

COGS= OPENING STOCK + PURCHASE - CLOSING STOCK

Is This Answer Correct ?

0 Yes

1 No

Post New Answer

More Accounting General Interview Questions

At the time of advance tds deducted 2% contract which was wrong but when we adjusting the adavace tds deducting 10% rent how can we adjusting that amount

0 Answers

Explain what is double-entry accounting? Explain with an example?

0 Answers

How can do it TDS in accounts?

0 Answers

what is the mean of amountisation

1 Answers

I Give a Cheque for IPO in Saving Bank Account , What entry in tally accounting softwer With Example

2 Answers

IN VAT INVOICES DISCOUNT ALLOWED OR NOT

0 Answers

What is meant by Ratio analysis

2 Answers

What are the strong accounting standards?

1 Answers

1. Why do wish to study in canada in the program for which you have been accepted? 2. What is your overall education goal? 3. Why are you pursuing a similar program in your country of residence/citizenship? 4. What research have you done into studies in your country of residence/citizenship? 5. How will this program enchance your employment opportunities in your country of residence? please send me all possible answer i hope your answer will help me a lot...

0 Answers

what is IPO

5 Answers

What are Wash accounts and suspense accounts and how do they operate?

1 Answers Infosys,

While closing books for the year end, We had Closing stock which is inclusive of VAT(i.e Cost price + VAT), What is the treatment of this Closing Stock in the P&L and BS , is Closing Stock Shown Inclusive of VAT (ie. Cost price +VAT) or, without VAT (ie. Cost Price)

5 Answers

For more Accounting General Interview Questions Click Here