You saved me I spent 1 hour looking for a video to explain this ,thank you
@missaccounting Жыл бұрын
You're welcome!
@NJATEHJALLOW9 ай бұрын
What did u want to be in the future
@missaccounting8 ай бұрын
A teacher like my mom
@withlovenandi Жыл бұрын
As someone that never did accounting this was really helpful an easy to understand
@missaccounting Жыл бұрын
Im so happy that it was helpful for you!
@ashabid20009 ай бұрын
As i know, COGS & cost of sales aren't the same! COGS is the cost of sum of direct material + direct labor+ direct overhead... while cost of sales are both direct & indirect costs which aren't directly related to production or service deliver to the customer. for example in hospitals, COGS are cost of direct materials(medical consumables & medication) + cost of doctors fees & nurses payroll + cost of overhead like clinical sites energy, water...etc. can you please explain that.
@AsandaMalandiswe Жыл бұрын
why is your nine like a seven , that confused me
@gud-onevantonder6693 Жыл бұрын
easy to understand
@idk6386 Жыл бұрын
Thank you!
@yixyaxo7 ай бұрын
ty !!!
@imanfatihah80983 ай бұрын
What if the questions doesn’t have purchases
@roialnet7 ай бұрын
Is it not the two are different? Cost of goods sold are those incurred from supplier to your warehouse and cost of sales are those incurred when the product goes from your warehouse to your customer.
@missaccounting7 ай бұрын
Yes they have a slightly different meaning, but fundamentally they represent the same thing and can both be used.
@roialnet7 ай бұрын
The problem occurs when the cost of goods sold changes for the same product and quantity which happens when the supplier change or raise prices. I solved this by treating the new batch of the same product as a separate inventory with its own unique SKU or ID. The ID or SKU represents a bucket where the product belongs to. I can just FIFO from those bucket when taking inventory out for selling. I could have used weighted average but I want things to be simple.
@mudassar84 Жыл бұрын
thank you
@NdabenhleSiboniso6 ай бұрын
Can you please do an example with purchase returns and sale returns
@missaccounting5 ай бұрын
Just posted a video on this, hope it helps
@InnocentHornbill-jl1so10 ай бұрын
2:07 where do you get the 69000
@DaisyRauweu4 ай бұрын
Hi do more examples in this video
@TheJoshuasackeyy Жыл бұрын
Hi. Please I’m a bit confused
@alexchiyosha6404 Жыл бұрын
I've understand
@missaccounting Жыл бұрын
I'm glad you understand!
@landiwelingela9469 Жыл бұрын
Hi there where is the next video for net profit
@missaccounting Жыл бұрын
I will upload it tomorrow, just uploaded one on the operating income.