📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      Question

      Which of the following formulae is correct for

      calculation of Cost of Goods Sold?
      A Opening Stock + Purchases + Direct Expenses – Closing Stock Correct Answer Incorrect Answer
      B Sales – Net Profit Correct Answer Incorrect Answer
      C Opening Stock + Purchases + Direct Expenses + Closing Stock Correct Answer Incorrect Answer
      D Purchases + Direct Expenses Correct Answer Incorrect Answer

      Solution

      The correct formula to calculate COGS is Opening Stock + Purchases + Direct Expenses – Closing Stock.

      Practice Next
      ask-question