5. What is cost of goods sold?

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5. What is cost of goods sold?..

Answer / chetan vyas

Opening Stock+Purchases+Direct Expenses-closing stock.

Is This Answer Correct ?

39 Yes

2 No

5. What is cost of goods sold?..

Answer / 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

5. What is cost of goods sold?..

Answer / m laxman

sales-gross profit

Is This Answer Correct ?

22 Yes

6 No

5. What is cost of goods sold?..

Answer / smita

op.stock of raw material
+purchases
-purchase returns
+carriage inward
-closing stock of raw material
+direct wages
+direct expenses
+factory overheads
+op stock of work in progress
-closing stock of work in progress
+administration overheads
+op stock of finished goods
-clo stock of finished goods
=cost of goods sold

Is This Answer Correct ?

15 Yes

2 No

5. What is cost of goods sold?..

Answer / potenaik

cost of goods sold means the actual cost of the goods which
is sold

Is This Answer Correct ?

10 Yes

2 No

5. What is cost of goods sold?..

Answer / ravi

opening stock + purchases + direct exp - closing stock
if opening stock&purchases not given then-
sales - g/p

Is This Answer Correct ?

7 Yes

0 No

5. What is cost of goods sold?..

Answer / rajesh

sales-grosss profit=cost of goods sold

Is This Answer Correct ?

5 Yes

0 No

5. What is cost of goods sold?..

Answer / potenaik

defference between sales and grossprofit

Is This Answer Correct ?

5 Yes

2 No

5. What is cost of goods sold?..

Answer / mahesh babu

cost of goods sold mean it is acctual cost of goods.
1.cost of goods = sales-gross profit.
2.cost of goods = opening stock+Net purchase+Direct exp -
Net sales.

Is This Answer Correct ?

4 Yes

3 No

5. What is cost of goods sold?..

Answer / kuldeep pandey

Cost of goods sold=

Opening Stock+Net Purchase+Direct Exp-Net Sale-Clossing
Stock.

Net Purchase= Purchase-Purchase Return
Net Sale = Sale -Sale Return

Or

Gross Profit - Sale

Is This Answer Correct ?

0 Yes

0 No