What will be journal entry of cost of goods sold.
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Answer Posted / anshuk doliya
their is no special journal entey of cost of good sold
just a simple entry
cash / party name/ bank A/c. Dr
To sale A/c
if cost of good sold calculated then apply this formula
cost of good sold = opening stock + purchases - closing
stock
OR
= Sale - gross profit
| Is This Answer Correct ? | 6 Yes | 2 No |
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