what is cost of goods sold ?

Answer Posted / muhamed

Cost of Goods Sold Is nothing but It Can be directly

identified in the end Product.

Formula:

.Beginning Inventory + Purchases = Goods Available for Sale -

Ending Inventory = Cost of Goods Sold.

Is This Answer Correct ?    3 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

while doing work in dolphin software when credit note is given by supplier to purchaser then purchaser is debited supplier account so on credit side which account is coming which account should be credited

1633


I am Lavanya i have been selected in HR round in HP INVENT and i have Operation round as next round may i know what will they ask here and after this what is the next round?????

3764


What is written off?

1653


Short Answer on ______________Import Trade

1428


In financial management why we calculate the cost of debt, (cost of capital) while rate of interest is given.

1523






what is purchase consideration?

1688


you buy a $100 asset. $25 cash, $50 debt, and $25 new equity. Explain how the 3 financial statements (IS, BS, CFS) will change.

2268


why you choose accounting as your career ? ?

1345


what is the difference between f.f.s and c.f.s?

2111


HI, FREINDS, I WANT TO KHOW IS THE CFP (CETICFIED FINANCIAL PLANNER) IS A GOOD COURSE, IS THEY ANY INSISTUTE IN HYDERABAD,IF ANY ONE DOING THIS COURSE PLEASE REPLY ME.

1866


What do u mean by pass through expenses? give examples, how it will be accounted & billed?

5468


How goodwill is accounted for the first time in a company .

1579


what are micro-cap, small-cap, mid-cap, large-cap companies?

1772


how there prepare bank interview

1608


What is Merger?

1907