5. What is cost of goods sold?

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is the relationship between, issued share capital, share premium and paid up capital?

1906


Hai i am mathi Preparing for bsrb clerical examinations.If anybody had that please mail me at mathiy@rediffmail.com

1587


let me know the minimum Accounting Heads in an accounting system

4237


Data for two divisions of Alpha Biotech Ltd. Are given below. Analyze both divisions. Parameters Division X Division Y Rs. Rs. Capital Employed 50,00,000 50,00,000 Sales 30,00,000 28,00,000 Cost of Goods Sold 21,00,000 18,00,000 Profit Before Tax 9,00,000 10,00,000 Tax 2,70,000 3,00,000 Profit After Tax 6,30,000 7,00,000 Data for two divisions of Alpha Biotech Ltd. Are given below. Analyze both divisions. Parameters Division X Division Y Rs. Rs. Capital Employed 50,00,000 50,00,000 Sales 30,00,000 28,00,000 Cost of Goods Sold 21,00,000 18,00,000 Profit Before Tax 9,00,000 10,00,000 Tax 2,70,000 3,00,000 Profit After Tax 6,30,000 7,00,000 Data for two divisions of Alpha Biotech Ltd. Are given below. Analyze both divisions. Parameters Division X Division Y Rs. Rs. Capital Employed 50,00,000 50,00,000 Sales 30,00,000 28,00,000 Cost of Goods Sold 21,00,000 18,00,000 Profit Before Tax 9,00,000 10,00,000 Tax 2,70,000 3,00,000 Profit After Tax 6,30,000 7,00,000 Data for two divisions of Alpha Biotech Ltd. Are given below. Analyze both divisions. Parameters Division X Division Y Rs. Rs. Capital Employed 50,00,000 50,00,000 Sales 30,00,000 28,00,000 Cost of Goods Sold 21,00,000 18,00,000 Profit Before Tax 9,00,000 10,00,000 Tax 2,70,000 3,00,000 Profit After Tax 6,30,000 7,00,000

1502


what is account & what is finance

1758






intorduse your self ? what to say if iam fresher.

2104


Expand---------NMOP

1608


Explain why retained earnings have an opportunity cost associated?

2960


Expand---------ODMT

2054


what do u mean by single error and double error in accointing errors?

1718


What is 100% EOu? what is the benifit and what is difficulty of it?

1692


what is futures and options?

1671


what is the good prasentation on interview

1751


im preparing for the sbi clerical post please send me the solved questions.

1791


Transfer nett profit of Rs 325000/- to Reserves and Surplus

1973