Question

if there is no opening or closing stock the total of purchases and direct expance it taken as cost of goods sold is this true or false​

Answer 1

Answer:

false, if there is no information cogs will be take as nil or 0 (According to me)

Answer 2

Answer:

True

Explanation:

The statement given in question is true.

Cost of goods sold is a method of calculating the direct incurred when producing a product that was eventually sold also. This is also known as COGS.

In mathematical expression, this can be written as ;

Opening Stock + Purchase + Direct Expenses - Closing Stock = Cost of Goods Sold

In our case, if there is no opening stock neither closing stock, then ;

Purchase + Direct Expenses = Cost of Goods Sold