state gov Kerala (കേരളം) PSC Divisional Accountant Test Series 2025 Accountancy Trading and Profit & Loss Account
The cost of goods sold is equal to:
1
Opening stock + Purchases - Closing stock + Direct expenses
2
Opening stock + Purchases - Closing stock - Direct expenses
3
Opening stock + Purchases + Closing stock + Direct expenses
4
Opening stock - Purchases - Closing stock + Direct expenses