Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

define cost of goods sold

Answer Posted / kanika

The direct costs attributable to the production of the
goods sold by a company. This amount includes the cost of
the materials used in creating the good along with the
direct labor costs used to produce the good. It excludes
indirect expenses such as distribution costs and sales
force costs. COGS appears on the income statement and can
be deducted from revenue to calculate a company's gross
margin.

Is This Answer Correct ?    3 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is inter-corporate deposits? and where it is shown in balance sheet?

3843


How do you manage the sales account in tally

2034


Give some questiong with anser with are usally ask to the interviewer in interview. Please give answer with detail.

2206


Whether construction of office cum storage comes under CMA under Agriculture or Non Farm Sector

1646


difference between contra entry and double entry?

3082


reason for difference in Balance sheet (Asset side & Liabilites side)

2007


what is Derivative Documentation,Derivative Settlements,Derivative confirmation?

2361


We are running an educational institution in Karnataka,India. Is there any ceiling stating that if gross salary is upto this then only incentive or bonus can be paid?

2096


Enter the following in the petty cash book, using appropriate expenditure column headings. the book is kept in the the amount of imprest system. the amount of imprest is #40,000

1728


What goals do you have in your career

2378


HI i have been shortlisted for the Syndicate bank PO post. Can any one guide me about the interview questions..and answers?

2033


EXPAND_________SEC

2212


What is Going Concern, What is Dual Entry , What is Business entity and what are the names of Stock exchanges and currency of some countries, stock market related questions, Exchange rates, Banks and other informations

2007


What are direct income and indirect income

2032


What is the procedure to become charted accountant in India now. Please answer this is urgent

1471