what is the difference between cost of goods sold and cost
of sales ?
- 2 Answers
- 4734 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / basanti
cost of goods sold means cost of acquiring the goods plus
indirect expenses (administrative expenses are exluded).
wheras cost of sales means cost of goods sold plus selling
& administrative expenses.
| Is This Answer Correct ? | 11 Yes | 1 No |
We purchased material from other state against C form. Here in invoice Basic price value - Rs 100000 Cst 2% - Rs 2000 and transportation charges - Rs 8000 Total bill value - Rs 110000. But in C form How much amount we have to give? 100000 or 102000 or 110000 I am waiting for your valuable reply, advance thanks.
What is an operative accounts?
How to conduct u r interviews?
In the absence of any provision in the partnership agreement, profits and losses are shared (a) In the ratio of capitals. (b) Equally. (c) In the ratio of loans given by them to the partnership firm. (d) None of the above.
How much mathematics knowledge is necessary or required in accounting?
how to reverse the receipt cash entry & contra is also passed for it in tally erp 9
Is push down accounting accepted under generally accepted accounting standards?
Do you think accounting standards are mandatory and why?
how to pass journal entries for reverse tax on input tax paid
Any income which is earned in the current financial year (2009-10) but received in the assessment year(2010-11) wil be taxable in the current financial year or not?
which opening balance should be taken after bank reco.
What do we mean by purchase return in accounting?
Audit 
