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  #1  
Old 09-26-2017, 04:51 AM
tnnamrata dutta tnnamrata dutta is offline
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Default What do you mean by cost of sales

P { margin-bottom: 0.21cm; }A:link { } Cost of purchasing and selling deals with the calculation of the net profit and loss. This includes the purchase cost of goods and everything including the cost incurred to bring the good to the place of selling. Cost of goods can be calculated by reducing the cost of goods in hand from the net cost of the goods. The gross profit of goods is known as cost of sales. Cost of the goods is generally known to calculate the cost of sales. Visit: Tradenivesh Investment Advisory.
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Old 10-06-2017, 06:55 AM
angel anna angel anna is offline
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Default Re: What do you mean by cost of sales

The cost of sales is also called as the cost of goods sold and it is related to the manufacturing or purchasing of a good that is sold to a customer.The cost of sales can be calculated in two ways.First you can adjust the cost of the goods purchased or manufactured by changing the inventory during a given period.Then you can also add the cost of goods purchased or manufactured to the inventory at the beginning of the period and subtract the inventory of goods at the end of the period.
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Old 11-03-2017, 06:05 PM
Vasu Dev Vasu Dev is offline
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Default Re: What do you mean by cost of sales

First consider cost of sales for service or product .

for product final price is MRP. which has included tax. for service we have to define service type and apply cost for it and then after service provider can add govt taxes.
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Old 11-04-2017, 06:30 PM
payloan payloan is offline
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Default Re: What do you mean by cost of sales

Thats the one thing I had a hard time with in managerial accounting
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