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Cost of Goods Sold

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(Querist)
15 May 2017 How to Calculate Cost Of Goods Sold, which formula we have to take? Plz Help me out..
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CA.Sourabh Sethia

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CA.Sourabh Sethia (Expert)
16 May 2017 Opening Stock + Purchase - Closing Stock
is Cost of goods

or

Sale - Gross Profit
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md ahmed

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md ahmed (Querist)
16 May 2017 Thanks for Previous reply Sir.. But For Cost of Goods We have to take formula Opening stock+Purchases - Closing stock. . For Cost of Sold, We have to take Sales - Gross Profit



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CA.Sourabh Sethia

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CA.Sourabh Sethia (Expert)
16 May 2017 both are one and the same thing
cost of goods sold
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md ahmed

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md ahmed (Querist)
16 May 2017 Ok Sir... Thanks For Giving your Previous Time

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