Costos De Mercaderias Vendidas

Cost of goods sold, which account, asset or expense? 3

The value of the goods sold is the debtor's account which deducts revenue from the statement of income.

Also known as

Sales fee

Price of goods sold

It is included in the cost group.

I think it's a separate group and it's about results.

Costos De Mercaderias Vendidas

Post on topic:
If you sell, it's income, and if you don't pay, it's an asset account and it's an expense.
It's a duty ... a duty.
Be careful ... if you mean the price of the thing ... I mean how much the thing will cost you.
If by price of goods we mean sales price ... it is an asset ... the account is being checked.