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Difference between gross margin and cost of sales

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 February 2014 Hi,

What is the difference between Gross Margin and Cost of sales (Goods sold).

Can Cost of Sales be a negative value, if so what will be the reasons for the same.

Is Below Cost of Sales correct:

Opening Stock
Add purchases
Add expenses
Less Closing Stock.
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CA Parul Saxena

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CA Parul Saxena (Expert)
18 February 2014 No Cost of goods sold can not be negative.and gross margin is Sales-Cost of goods sold

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