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Its COST OF GOODS SOLD (COGS) or simply Cost of Sales (COS). This number once deducted from Sales gives you Gross Profit.

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Q: Opening stock plus purchases minus closing stock is called?
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Related questions

Opening stock minus closing stock?

profit or loss


How do you do bar trading accounts?

a bar trading account is just like a profit an lose trading account use have sales then you minus less cost of goods sold then you have your opening stock at the starting of the year an then you add purchases an then you minus less closing stock at the end of the year an the balance that you get is called the gross profit.


What is the formula for finding the amount sales?

Opening stock minus closing stock times cost per unit


Can damaged Amazon purchases be returned after opening the packaging?

You may return products up to thirty days after delivery from Amazon, and depending on the product will receive a partial or full refund, minus the shipping.


What are the plus and minus called in algebra?

They are called plus and minus - no difference there!


Beginning inventory plus net purchases minus ending inventory equals?

Consumption of goods for the period, aka cost of sales


What is public savings?

The public savings of a country is the total of private and national savings. It is usually the same as the income of a nation minus government purchases and consumption.


What are the benefit of cost accounting?

The benefit of cost accounting is that you do not need to calculate the change in the costs when the price of your supplies increase. Your profits are simply your sales minus the cost of your inventory and minus the cost of your purchases. Cost accounting is ideal for a small operation.


What are benefits of cost accounting?

The benefit of cost accounting is that you do not need to calculate the change in the costs when the price of your supplies increase. Your profits are simply your sales minus the cost of your inventory and minus the cost of your purchases. Cost accounting is ideal for a small operation.


What is the sign use in subtraction called?

It is called the minus sign. - .


What is -?

It can also be called a minus, like in math.


What is it called if you score less than one?

It is called minus or rubish