What is cost of goods?

Answers were Sorted based on User's Feedback



What is cost of goods?..

Answer / geeta

Cost of Goods Sale = Opening Stock+ Net Purchase + Direct expenses -Closing stock

Is This Answer Correct ?    2 Yes 0 No

What is cost of goods?..

Answer / vishal shigwan

Cost of goods means the expenses made for per unit of production of goods.

Is This Answer Correct ?    1 Yes 0 No

Post New Answer

More Accounting General Interview Questions

pls. tell me with detail (what is the rate of service tax and w.c.t. for a contractor who do civil work -make building and repairing. what is the format of generate a bill for (with material and labour both ) what entry should i pass in my accounts bokks. general and sales entry.

0 Answers  


what is meant by ratio analasis

1 Answers  


how would you describe youself

1 Answers   ABC,


what is bank reconciliation statement?

3 Answers  


Perpose of charge the excise duty?

2 Answers  






Do you know balancing in accounting?

0 Answers  


How to take the closing balances of all ledgers into next financial year as opening balances in tally?

2 Answers  


What is the difference between Target and Budget?

2 Answers   Al Rashed,


We have an boat manufacturing company .we customer order one boat the cost is 1130 .we have received advance 500 balance he will give after giving boat can you give me journal entry cash A/c Dr 500 customer A/c Dr 630 To Sales 1130 is this entry is correct ?if not please give me exact entry

3 Answers  


What is royalty reserve?

0 Answers   Hero Honda,


can u tell me what is the process of calculating closing stock?

4 Answers  


What is the difference between accounts and finance ?

1 Answers  


Categories