hai! urgent reply needed is cost of goods sold same as cost of material consumed what is the - Accountancy - Analysis of Financial Statements

Question

hai! urgent reply needed
is cost of goods sold same as cost of material consumed?
what is the treatment of cost of goods sold in comparative balance
sheet of a company?
is it treated as an expense?

Radhika G · Accepted Answer

no no cogs is not comc
comc= opening inventory of material+ purchases of material -
closing inventory of material
and cogs= comc+ purchase of SIT + change in inventories of finished
good, WIP, SIT

hai! urgent reply needed. is cost of goods sold same as cost of material consumed? what is the treatment of cost of goods sold in comparative balance sheet of a company? is it treated as an expense?

hai! urgent reply needed.
is cost of goods sold same as cost of material consumed?
what is the treatment of cost of goods sold in comparative balance sheet of a company?
is it treated as an expense?