Accountancy, asked by amitvermaraj16, 7 months ago

Deduction in the price of the goods sold is called:

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Answers

Answered by sambandamclpsy
0

Answer:

Cost of goods sold (COGS) includes all of the costs and expenses directly related to the production of goods. ... COGS is deducted from revenues (sales) in order to calculate gross profit and gross

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Answered by skiers77
0

Answer:

Key Takeaways. 

Explanation:

Key Takeaways. Cost of goods sold (COGS) includes all of the costs and expenses directly related to the production of goods. COGS excludes indirect costs such as overhead and sales & marketing. COGS is deducted from revenues (sales) in order to calculate gross profit and gross margin.

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