Interested to Buy Any Domain ? << Click Here >> for more details...
5. What is cost of goods sold?
- 12 Answers
- 23000 Views
- Godrej, IBM, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / chetan vyas
Opening Stock+Purchases+Direct Expenses-closing stock.
| Is This Answer Correct ? | 39 Yes | 2 No |
Answer / vinotha.v
COST OF GOODS SOLD =
opening stock + purchase (purchase - purchase return) +
direct expenses - closing stock.
(OR)
COST OF GOODS SOLD =
SALES (sales - sales return) - GROSS PROFIT.
| Is This Answer Correct ? | 23 Yes | 3 No |
Answer / smita
op.stock of raw material
+purchases
-purchase returns
+carriage inward
-closing stock of raw material
+direct wages
+direct expenses
+factory overheads
+op stock of work in progress
-closing stock of work in progress
+administration overheads
+op stock of finished goods
-clo stock of finished goods
=cost of goods sold
| Is This Answer Correct ? | 15 Yes | 2 No |
Answer / potenaik
cost of goods sold means the actual cost of the goods which
is sold
| Is This Answer Correct ? | 10 Yes | 2 No |
Answer / ravi
opening stock + purchases + direct exp - closing stock
if opening stock&purchases not given then-
sales - g/p
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / mahesh babu
cost of goods sold mean it is acctual cost of goods.
1.cost of goods = sales-gross profit.
2.cost of goods = opening stock+Net purchase+Direct exp -
Net sales.
| Is This Answer Correct ? | 4 Yes | 3 No |
Answer / kuldeep pandey
Cost of goods sold=
Opening Stock+Net Purchase+Direct Exp-Net Sale-Clossing
Stock.
Net Purchase= Purchase-Purchase Return
Net Sale = Sale -Sale Return
Or
Gross Profit - Sale
| Is This Answer Correct ? | 0 Yes | 0 No |
Information on Cost accounting vs. Management accounting
Raman site engineer joined on 1-1-2009 in the company with an agreed salary of Rs 20000/-. On the joining date he was given advance of Rs 50000/-agreeing for adeduction of Rs 7500/- for month from salary. Pass salary entry till March,and let me know the advance balance as on 1st April
What will be entry if company purchase a dog for ware house?
What are Accounting Concept?
19 Answers Mafoi, State Bank Of India SBI,
When did the accounting requirements of the revised SORP & Regulations come into force?
Distinguish value andPrice
Expand F D R
can depreciation on live stock?
explain different reporting methods of tally.
what is RTGS? what is the maximum limit of amount stipulation for RTGS transaction?
what is difference between b.r.c and f.i.r.c
what is mean by provision ? give me examples ..
Audit 
