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Board Question Paper : March 2019 — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountBoard Question Paper : March 20191 Mark
Question
What is cost of goods sold ?
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Answer

Cost of goods sold is determined as follows :
$COGS =$ Sales $(-)$ Gross Profit; OR $COGS =$ Sales $(+)$ Gross Loss

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