Formula of COST OF GOODS SOLD | Gross Profit and Net Profit | COGS | Questions
ฝัง
- เผยแพร่เมื่อ 20 ก.ย. 2024
- Understand the formula of cost of goods sold, gross profit and net profit in this video.
COGS = Opening stock + Net Purchases + Direct Expenses - Closing Stock
Cost of goods sold means the actual cost incurred on the value of goods which have been sold by the business. In the sense it means the cost price.
In this video you will understand how to use the formula for COGS and calculate Gross profit and Net Profit using some Questions.
.
.
.
.
.
👍 Keep learning and keep growing with us!!
You all are invited to join the telegram channels:
Class 11 Accounts by CA Manish Mahajan: t.me/class11ac...
Class 11 Economics by CA Manish Mahajan: t.me/class11ec...
Class 12 Accounts by CA Manish Mahajan: t.me/class12ac...
Class 12 Economics by CA Manish Mahajan: t.me/class12ec...
This channel helps you understand the concepts related to :
Class 11 Accountancy
Class 11 Economics
Class 12 Accountancy
Class 12 Economics
CA and CS Foundation basics.
.
.
.
CA Manish Mahajan is a first class commerce graduate from Panjab University, having done his graduation in B.Com (Finance Hons.) from GGDSD College, Chandigarh. He qualified Chartered Accountancy course in 2010 and was placed in merit list (31st All India Rank in Final and 22nd All India Rank in Foundation). He possesses a vast experience of more than 15 Years in teaching Accountancy, Economics and Mathematics to the students of Classes +1 and+2 and also mentored the students of B.Com and CA. He has authored the books on Accountancy, Economics and Indirect Tax Laws. His unique lecture delivery and practical method of teaching, helps the student to easily grasp and remember the subject.
This Channel provides all the educational content for the students of class 11 and class 12 for subjects Accounts and Economics. Here you get regular & organized content for complete course study.
CA Manish Mahajan
Mbl: 7888695588
Concepts Commerce Academy
Email: getrightconcepts@gmail.com
My website: conceptsacadem...
/ conceptscommerceacademy
/ conceptscommerceacademy
play.google.co...
#cogs #costofgoodssold #cogsformula #grossprofit #netprofit #stock #inventory #class11 #accounts
sir this is the most clear and on point video on this concept on youtube helped alot
Thank you arjav👍
Stay tuned for more concepts. You can learn form other Playlist as well for conceptual clarity.
Thanku for clearing my doubt about the cost when it is given with Gross profit... I'm in 12th and now I hove understood it.... thanku😊
Gr8. Keep learning, keep growing.
Sir very good teaching.
You cleared all mu doubts about this topic..
Thank u so much sir..
Gr8 to know it helped you clear the Concepts.
Thank you sir for explaining this tough topic very easily
Welcome dear 👍keep learning from other Playlist for more such topics of your interest.
Thanku sir , tomorrow is my exam . It is very helpfull😊😊
Ur welcome dear. Keep learning keep growing👍
Thanks sir all doubt clear kr ne ke liye🙏
That's great 👍
Thankyou sir 😄
Keep learning👍
Sir in qn 4 25 percent of 3 lakh will be 75000. So sir why we take X
Because 3 lacs is net sales
But gp is 25% of COGS which is missing in question.
So COGS is taken as X to solve the question.
Pls review the video again to get this better.
Keep learning 👍
Sir appne in Q4 "X" Krke kiya hai lekin in book it is like let cost/sale be 100 . Answers same aarha hai aapke method sei and easy to use, lekin sir marks toh nahi katyenge na if I use this in exam?
It is unitary method done in book. Using variable (X) makes it easier to understand.
marks nahi katyenge when answer is correct.👍
Sir np ko purchase mai plus kyo kiya jata hai ye to income hai
Np means Net purchases.
Gross purchase (-) purchase returns = net purchases
N-S 285000, GP 25% cogs?
GP Amount 71250,
285000-71250= 213750
COGS value 213750 hui
Ab agar cogs value pr gp 25 % add kare to 285000 value nhi aa rhi hai 267187.5 value aa rhi hai reply
Gp is 25% on COGS and not on sales. You are calculating it on sales.
Take COGS as x
Gp will be .25x
Then COGS + gp = sales
X + .25x = 285000
X will be 228000
Gp will be 25% of 228000 which is 57000 there fore sales will be 285000.
Do like this
@@camanishmahajan what is X ?
Who is this X ?
Where are those remaining questions.
All questions are difficult to upload. Focus is to clear the concepts. You can try the questions from any study material u follow.
I am 100% sure that you will do any questions now.
Else you can download and buy the premium content from our mobile app from play store. Concepts Commerce academy.
Sir agar Opening stock hai + purchase hai+ Dir Expense hai but closing stock nhi hai G/P % hai to sales or cogs or closing kaise find karenge please reply today🙏🙏
Use COGS Equation by taking closing stock value as x.
Gp % means gp/net sales*100
Net purchse pr GP% calculate katne ke after jo amount aayga woh sales ka hoga kya rply
COGS + GP = Sales
@@camanishmahajan sir G cogs to tab hi aaygi agar closing stock hoga to hamre pas closing hai hi nhi to cost bhee wahi hui or cogs bhee and ham cost pr GP% calculate kate to sales value aaygi???
@@behappychildren1437 You have to use formula COGS = OS + NP + DE - CS
In case any value is missing take that as X.
Either u have to take GP% on Sales or on COGS as per question.
Use mathematical equation to solve. I hope u will be able to solve that easily.
Sir aap CA bhai ho kya
Yes I am a Chartered Accountant.
Question 4 didn't get it..how to get 5x?
it is x/4 + x = 5x/4. Linear equation in x. Watch it again
Ye sold goods 2/3 samjh nhi aya kitna hota hai Q ki 1 ka 2/3 kaise hua
Watch the video again for the concept clarity. Explained in the video how to do the question.
Sir in ques 4 why u had taken x+x=5x
No it is x/4 + x = 5x/4. Watch it again
@@camanishmahajan yes sir I got it thank you for replying quickly