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Op Inventory + Purchases - COS is equal to?

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Question ajoutée par Zehab Osman , Accountant , Aldar Consultancy Co.
Date de publication: 2015/06/30
Shahbaz Hayder
par Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option2 is the right answer.

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

Op Inventory+Purchases-COS= Closing Inventory

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

Ans: (2) Closing inventory

Adel BENFIALA
par 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
par Ahmed Allam , Operation Manager / Partner , Fawzi Abdul Shafi Chartered Accountants Office.

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

Utilisateur supprimé
par Utilisateur supprimé

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

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

The answer is Gross profit

Hani Bawashkah
par 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
par Ahmed Hassanin CMA , Financial Planning and Controlling Manager , Methode Electronics

Option2 >>>>> ( right answer) 

lakshminarasimham mallareddi
par 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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