How To Calculate no. of goods consumed in "NPO


There is no calculation required for “Number of goods consumed”. However, Cost of Goods Consumed is to be calculated for Foodstuff,  Medicines,  Sports Material and Equipments etc. The formula for calculation of Cost of Consumable Goods is as follows:
Opening Stock of Consumable Goods (shown in the Opening Balance Sheet)
Add: Purchases during the year
Less: Closing stock of Consumable Goods (Shown in the Closing Balance Sheet)
Cost of Consumable Goods (to be shown in the Expenditure side of Income and Expenditure A/c)

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