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Op Inventory + Purchases - COS is equal to?

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Question added by Zehab Osman , Accountant , Aldar Consultancy Co.
Date Posted: 2015/06/30
Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option2 is the right answer.

Muhammad Sajjad Mehdi
by Muhammad Sajjad Mehdi , Manager Accounts & Finance , Southern Sonya Network pvt Ltd

Op Inventory+Purchases-COS= Closing Inventory

Fawzy Ahmed Salim El-Shabiby
by Fawzy Ahmed Salim El-Shabiby , Accountant , Servtel Information, Security, and Telecommunication Network Limited

Ans: (2) Closing inventory

Adel BENFIALA
by Adel BENFIALA , Central Administration Inspector , Ministry of Housing, Urban Planning and the City

Is equal to Closing inventory.

Answer = Closing Inventory : COS = Op Stock+Purchases+All Manu. Exp-Closing Stock.

Ahmed Allam
by Ahmed Allam , Operation Manager / Partner , Fawzi Abdul Shafi Chartered Accountants Office.

Op Inventory + Purchases - COS is equal to? = closing inventory

Deleted user
by Deleted user

2 Closing Inventory as cos is equal to deduction from inventory which is there in opening plus purchase

Samuel Loveday
by Samuel Loveday , Management Accountant , Mopheth Nigeria Limited

The answer is Gross profit

Hani Bawashkah
by Hani Bawashkah , Audit & Accounting Supervisor , BMB & CO CERTIFIED PUBLIC ACCOUNTANTS (ADVISORY & ASSURANCE)

 op inventory  XXX

+ Purchases   XXX

-COS               (XXX)

OP inventory=XXX 

Ahmed Hassanin CMA
by Ahmed Hassanin CMA , Financial Planning and Controlling Manager , Methode Electronics

Option2 >>>>> ( right answer) 

lakshminarasimham mallareddi
by lakshminarasimham mallareddi , Manager Finance & Accounts , M/s. Vandana Global Limited, Raipur, Chhattisgarh

Correct Answer is2. Closing Inventory. Opening Inventory +  Purchases - COS is equal to closing Inventory.

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