Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Finance & Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=411)
-   -   Net sales vs cost of goods sold (https://www.askmehelpdesk.com/showthread.php?t=421934)

  • Dec 3, 2009, 10:20 PM
    schellie
    Net sales vs cost of goods sold
    Is the cost of goods sold the same as net sales? I am practicing the gross profit method for estimating inventory
  • Dec 4, 2009, 11:31 AM
    pready

    No, net sales is gross sales less sales returns and sales discounts.

    Cost of goods sold is cost of your inventory that has been sold.

  • All times are GMT -7. The time now is 01:52 AM.