Given opening stock is Rs.20000, Direct expenses 10000, Closing stock 5000.Cost of goods sold is ……………………

Related MCQs

• Given sales = 100000, Profit = 10000 , variable cost = 70%.The sales required to earn a profit of Rs.40000 is ………………………
• If the Gross sales of a concern is Rs.200000 and sales return is 20000, Gross profit is 150000.cost of goods sold is……………………..
• ……………….means cash and other assets which are expected to be sold or consumed during the normal operating cycle of business.
• Net profit earned plus non working capital expenses is equal to …………..
• Direct labour costs will include……………
• Direct costs are also known as:
• A 'direct' cost is a cost that is classified by:
• The weighted average method of stock valuation would be most appropriate for ………….
• ……………….journal is used to record credit sale of goods
• Goods purchased for cash. This transaction involves…………..