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Querist : Anonymous

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Querist : Anonymous (Querist)
26 June 2010 Hi
What is the journal entry for cost of goods sold?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
26 June 2010 There is no JOurnal entry for CGS. It is only calculation
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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
27 June 2010 All the cost which incurring for selling of goods are debited to trading account. Cost of goods sold involve various cost and not a single cost.

Opening stock +Purchase- Closing stock (CGS)
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