what is cost of goods sold ?

Answer Posted / s.geetha

All the factory level expenses reduced from the sales
(or)
(purchases+all expenses)-sales=cogs

Is This Answer Correct ?    6 Yes 4 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

can we get all interview questions with answers in tally 9 which mostly asked in MNC's.

1909


What is payment/receipt/period accruals?

1273


What is meant by consignment

1679


What is Direct Debit

1700


What is mamimum rate of CST applicable on Plastic Doors in NOIDA?

1610






What is money measurement concept

1671


ACCOUNTING STANDARDS ISSUED BY INSTITUE OF CHARTERED ACCOUNTANCY INDIA FOR PREPARING FUND FLOW STATEMENT

1561


what are the types of provisions that you would make for the end of a financial year?explain

1488


what is the entry for goods sent from one factory to another under inter branch transfer sale of the same compny and what should be the valuation for this purpose?

1583


Paid vehicle insurance of Rs 12000 on 1-1-2009. Pass entry at the of payment and also create prepaid insurance account

1545


what is mean by T and E cosept

1588


Dear Sir, My qus is my co. purchase a laptop from Abc.co. for rs-37200 on credit Emi basis from hdfc bank. i paid every month 6200rs as a installment. so i want to know how i make a entry in tally 9. and also want to know i creat laptop ledger under fixed assets or office expenses. plz tel me soon.or mail me .

1628


a) What are the Golden Rules of Accounting? What are the 14 Principles of Accounting

1653


please give the sbi bank clerk exam paper model in last five years?

1761


give the details of overheads which are not included in costing

1487