financial management..working capital management
This query is : Resolved
om prakash dewangan
(Querist)
06 March 2009
my doubt is that
In context of working capital management finished goods stock is calculated on the basis of cost of goods sold. and cost of goods sold comes out after adding administration costs to factory cost but if in the question there already given abt the sales and gross profit % . then there cost of goods sold would be sales less GP .
as one have two ways to calculate cost of goods sold. So how should i deal????
In context of working capital management finished goods stock is calculated on the basis of cost of goods sold. and cost of goods sold comes out after adding administration costs to factory cost but if in the question there already given abt the sales and gross profit % . then there cost of goods sold would be sales less GP .
as one have two ways to calculate cost of goods sold. So how should i deal????
06 March 2009
Dear om prakash,
From both the method the answer will be same. It's a simple mathematics.
From both the method the answer will be same. It's a simple mathematics.
om prakash dewangan
(Querist)
07 April 2009
sir still there are certain doubts in my mind regarding working capital management
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