1
Question
Cost of Goods Sold is equal to ________________.
Cost of Goods Sold is equal to ________________.
Open in App
Solution
The correct option is C Operating cost - operating expenses
Cost of goods sold = operating cost - operating expenses Operating cost includes all the cost that is related to the business and operating expenses include only expenses and not cost of purchase/raw material. So, when we remove all the other expenses from the cost we get cost of goods sold.
Cost of goods sold = operating cost - operating expenses
Operating cost includes all the cost that is related to the business and operating expenses include only expenses and not cost of purchase/raw material. So, when we remove all the other expenses from the cost we get cost of goods sold.
Suggest Corrections
0
Similar questions