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Sales + Closing stock – Purchases – Gross profit  = ?

<p><em><strong>a) Purchases returns </strong></em><em><strong>b) Sales returns </strong></em><em><strong>c) Cost of goods sold </strong></em><em><strong>d) Opening stock</strong> </em></p>

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Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2014/12/09
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Khaled Mohee Eldeen Abbas Mahmoud
by Khaled Mohee Eldeen Abbas Mahmoud , Chartered Accountant # 10465 , Self-employed

D

 Gross profit =  Sales - ( D +  Purchases - Closing stock)

Deleted user
by Deleted user

Answer D is correct

Ednalyn Banuelos, CMA
by Ednalyn Banuelos, CMA , Projects Accountant , Grade Ref., LLC

D

Thaikkattil Mathew Joshi
by Thaikkattil Mathew Joshi , Group Credit Controller , Gps Group,Dubai.

Answer: D

 

Regards,

 

Joshi Mathew

CIA #1036906

SREEDEVI SUNILKUMAR
by SREEDEVI SUNILKUMAR , Business finance officer , Emirates Airline

Op. Stock

Mir Mujtaba Ali
by Mir Mujtaba Ali , Internal Audit Manager , Confidential

d

MALIIK SOHAIL ABBAS
by MALIIK SOHAIL ABBAS , ACCOUNTS MANAGER , AL RAWDAH GREEN SWEET WATER

OPTION D IS THE CORRECT ANSWER

 

Tariq Mehmood
by Tariq Mehmood , Accountant General, Punjan,Lahore Pakistan , Senior Auditor, District Accounts Office, Sheikhupura.

ANSWER (  D  )

Ahmed kandil
by Ahmed kandil , Cost Controller , Battour Holding Cpompany

Answer is opening stock formula // opening stock + purchases - ending stock = cost of good sales  by enter formula of COGS formula // opening stock + purchases - ending stock = ( SALES- GROSS PROFIT )BY GETTING THE BEGINNING stock from this formula   

Sales + Closing stock – Purchases – Gross profit 

 

Alex Al Yazouri
by Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

Sales + Closing stock – Purchases – Gross profit =  ........................d)  Opening stock

mohammed elkheniny
by mohammed elkheniny , Financial Controller , DNM FOR SPINNING& WEAVING AND DYING

d- opining stock is the correct

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