cost of goods sold debit or credit
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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
1
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).
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