ExamVeda
Login
Home

Cost of goods sold = opening stock + net purchases +...

This question belongs to Commerce Miscellaneous In Commerce
Miscellaneous in Commerce
?

Cost of goods sold = opening stock + net purchases + expenses on purchases - sales. Which part of formula is wrong?

Answer & Solution
Correct Answer: Option D
Let's discuss the solution. Join the discussion
Examveda
Question posted by Examveda
Community

Join the Discussion

No comments yet Be the first to discuss this question.
Keep Learning

Related Questions on Miscellaneous in Commerce

The nature of financial accounting is:
A. Historical B. Forward looking C. Analytical D. Social
Interest on drawings is:
A. Expenditure for the business B. Cost for the business C. Gain for the business D. None of the above
Which of these items would be accounted for as an expense?
A. Repayment of bank loan B. Dividend to stock holders C. The purchase of land D. Payment of current period rent
Debit the receiver credit the giver rule for:
A. Real a/c B. Personal a/c C. Nominal a/c D. None of these
More Related Questions on Miscellaneous in Commerce