Accountancy, asked by shrutibaliga288, 6 months ago

cost of goods sold debit or credit​

Answers

Answered by Saniajha
2

Explanation:

Cost of goods sold is the inventory cost to the seller of the goods sold to customers. Cost of Goods Sold is an EXPENSE item with a normal debit balance (debit to increase and credit to decrease).

Answered by Anonymous
1

\huge\mathfrak\pink{Answer!}

Cost of goods sold is the inventory cost to the seller of the goods sold to customers. Cost of Goods Sold is an EXPENSE item with a normal debit balance (debit to increase and credit to decrease).

Hope it helps you

ItzRiya

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