Accounting for IGCSE & O level - Final Statements (Section 1 - No. 47)
What formula shows cost of goods sold?
Opening Inventory + Purchases - Closing Inventory
Sales - Expenses
Opening Inventory + Purchases + Closing Inventory
Sales - Cost of goods sold
स्पष्टीकरण
Cost of goods sold is calculated as: Opening Inventory + Purchases - Closing Inventory