The annual cost of goods sold divided by the average inventory balances is the inventory _ _ _ _

Question added by Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants
Date Posted: 2015/08/10

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by KAMIL SHAIKH , Chief Accountant cum Office Manager , GLOBAL CONTRACTORS SHARJAH

u can calculate number month stock in hand

by Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants

inventory Turnover ratio..............

What is the cost of goods sold?
Top Answer: Cost of goods sold is the total of all costs used to create a product, which has been sold. Cost of goods ... See More

Answers (5)
The gross margin is added to the cost of sold goods to calculate?
Top Answer: SALE. . See More

Answers (2)
What is the accounting objective which best relates to the weighted average inventory method?
Top Answer: Income smoothing,,,,,,,,,,,,,,,,,,,,, See More

Answers (1)
Goods sold for cash The two aspects are?
Top Answer: Debit the Cash (Cash Increase) and Credit Sales ( Goods inventory decrease) See More

Answers (14)

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