revenue and cost of goods sold



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how to cal cogs and revenue

2 Answer(s)


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COGS is nothing but ingredient so while analyzing income statement ,try to find out where is ingredient given, if it is IT company then you may take staff cost or salaries as ingredients i.e. COGS.

Revenue is nothing but sales. You would always find it at the top of the income statement.



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revenue is total sum of money u get after selling ur product in market. cogs is cost of raw material u need to pay which are used in making ur product