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Sue1245
Feb 23, 2009, 11:15 PM
How do you do the adjusting entry for Cost of Goods Sold? With the calculations.
ROLCAM
Feb 23, 2009, 11:47 PM
This calculation is usually shown in the
Trading Account.

1) Opening Stock.
2) Plus Purchases.
3) Sub- total of 1+2
4) Less Closing Stock.
5) Cost of Goods Sold.