Accounts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 June 2010
Hi
What is the journal entry for cost of goods sold?
What is the journal entry for cost of goods sold?
26 June 2010
There is no JOurnal entry for CGS. It is only calculation
27 June 2010
All the cost which incurring for selling of goods are debited to trading account. Cost of goods sold involve various cost and not a single cost.
Opening stock +Purchase- Closing stock (CGS)
Opening stock +Purchase- Closing stock (CGS)
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