Cost Of Goods Sold Vs Operating Expenses

COST OF GOODS SOLD cost of goods sold As inventory is a valuable asset, till the time the product or the goods remain a part of that inventory, the amount of that product remains in the asset treasures of aztec pg With a periodic system, cost of goods sold is not calculated until financial statements are prepared The beginning inventory balance (the ending amount from

treasures of aztec ทดลองเล่นฟรี Cost of goods sold is an expense account, so it is increased by a debit entry and decreased by a credit entry When making a journal entry, COGS is debited and