Difference between gross margin and cost of sales
This query is : Resolved
Querist : Anonymous
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.
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.
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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