Hemchand
IPCC
[ Scorecard : 742]
|
Posted On 12 June 2012 at 09:54
|
please solve the following question:
Cost of Goods Sold Rs. 100,000.00
Sale Rs. 80,000.00
OPening Stock Rs. 20,000.00
Gross Profit Margin 20% &
what will be closing stock
|
|
|
ashish gupta
student
[ Scorecard : 1884]
|
Posted On 12 June 2012 at 10:00
|
If Gross profit is 20 % then how cost of goods sold can be higher than sales.
|
|
|
|
frank
owner
[ Scorecard : 86]
|
Posted On 12 June 2012 at 11:23
|
COGS cannot be higher than the sales unless the goods are sold for a loss. Ashish is right. Hemchand please check whether the goods are sold below the cost price.
|
|
|
frank
owner
[ Scorecard : 86]
|
Posted On 12 June 2012 at 11:25
|
COGS cannot be higher than the sales unless the goods are sold for a loss. Ashish is right. Hemchand please check whether the goods are sold below the cost price.
|
|
|
frank
owner
[ Scorecard : 86]
|
Posted On 12 June 2012 at 11:27
|
COGS cannot be higher than the sales unless the goods are sold for a loss. Ashish is right. Hemchand please check whether the goods are sold below the cost price.
|
|
|
Hemchand
IPCC
[ Scorecard : 742]
|
Posted On 12 June 2012 at 12:59
|
Ok i check the question agaon
|
|
|
Hemchand
IPCC
[ Scorecard : 742]
|
Posted On 12 June 2012 at 13:02
|
Ok i check the question agaon
|
|
|
BHARAT BAMBHAROLIYA
CA FINAL
[ Scorecard : 57]
|
Posted On 12 June 2012 at 15:54
|
Please place the correct question .................
|
|
|
MOHD ANZAR ALI
ARTILCES
[ Scorecard : 55]
|
Posted On 12 June 2012 at 16:58
|
since COGS = 100000
WHERE SALE = COGS+ PROFIT
THEN TOTAL SALE AVAILABLE =100000+25000
HENCE AVAILABE FOR SALE = 125000
ACTUAL SALE 80000
THEN CLOSING STOCK = 125000-80000 = 45000
take 20% on sale are equal 25% on cost.
|
|
|
Hemchand
IPCC
[ Scorecard : 742]
|
Posted On 12 June 2012 at 17:01
|
Ya but in Books this was the question, and i think question is wrong and what will be closing stock if there is Gross Loss 20% instead of GP
|
|
|
