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Cost of goods sold calculation, Income Tax

Issue Id: - 114827
Dated: 4-4-2019
By:- Remesh Kumar
Cost of goods sold calculation

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I have purchase 10 no's of batteries at a rate of ₹ 1000/piece.Manuacturer offered 1 battery free of cost.Delivered 11 batteries.I sold 5 batteries at a rate of 1200/piece.How the cost goods sold Will be calculated

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Showing Replies 1 to 2 of 2 Records

1 Dated: 5-4-2019
By:- KASTURI SETHI

Fool proof advice should be sought from CMA !


2 Dated: 5-4-2019
By:- Ganeshan Kalyani

Rightly said by Sri Kasturi Sir. Cost accountant is the right person to answer your query. We may attempt to reply . But it is better to knock the right door.

Here in TMI list of experts is available wherein you can find one to seek solution.


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