Cost of Goods Sold
This query is : Open
15 May 2017
How to Calculate Cost Of Goods Sold, which formula we have to take? Plz Help me out..
Message likes :
1 times
CA.Sourabh Sethia
(Expert)
16 May 2017
Opening Stock + Purchase - Closing Stock
is Cost of goods
or
Sale - Gross Profit
is Cost of goods
or
Sale - Gross Profit
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
CA.Sourabh Sethia
(Expert)
16 May 2017
both are one and the same thing
cost of goods sold
cost of goods sold
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