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A) Amount of sales B) Gross profit C) Cost of goods soldD) Net income
Purchase + Opening stock - Closing stock = Cost of goods sold
Choice C is the answer
Ans. C cost of goods sold.....
Opening Stock + Purchases + Wages + Carriage inwards + Insurance - Closing Stock = Cost of Sales
The Correct Answer is option ( " C " )
Purchases+opening stock-closing stock= Cost of sales (cost of goods sold )
Option C, Cost of goods sold.
COST OF GOODS SOLD is the answer
Answer is C Cost of Good Sold
Cost of Good Sold can be calculated by two method by using Sales and Gp or by using Trading A/c
1st method is COGS = Sales- Gross Profit
and another one is COGS= Opening Stock+Purchase-Closing Stock
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