it is recorded as a business expense on income statements. Knowing the cost of goods sold helpsa...
it is recorded as a business expense on income statements. Knowing the cost of goods sold helps ...
Why the Cost of Goods Sold is an Expense We often think of expenses as salaries, advertising, rent, commissions, interest, and so on. However, the cost of goods sold is also an expense that must be matched with the related sales. Hence, a company’s operating income is its operating ...
Cost of goods sold (COGS for short) is the expense a company incurred in order to manufacture, create or sell a product5个回答 销货成本(COGS的简称)是支出,以生产,创建或销售产品产生的公司2013-05-23 12:21:38 回答:匿名 被卖的物品的费用(嵌齿轮简称)是费用每公司被招致为了制造,创造或者卖产品...
The termcost of goods soldrefers to the calculation done at the end of an accounting year for businesses that sell products. The cost of goods sold measures all costs associated with sales. Costs can be direct or indirect. Indirect costs include labor, storage costs, and the pay for factory...
Cost of goods sold (COGS) is an acronym you might see on your business’ balance sheet. Here’s what it means and the formula to calculate it.
Ordinary Income/Expense (一般支出)Income (收入)Sales (出售)Sales Discounts (出售折扣)Total Income (总收入)Cost of Goods Sold (卖出货物成本)Total COGS (卖出货物总成本)Gross Profit (总利润)Expense (支出)Alarm Expense (警告支出)Bank Service Charges (银行服务支出)Business Trip Expense (出差费用)...
When the cost of goods and services used are recognized as an expense in the same period that its generated revenue is recognized, which of the following principle (s) is/are being described() A. The matching principle for revenue and expense recognition. B. The accrual and expense ...
会计专业英语Chapter 8 Revenue and Expense8.1.1 Definition of RevenueThe increase in economic resources either through increase
indirect. In other words, COGS includes the direct cost of producing goods or services that were purchased by customers during the year. As a rule of thumb, if you want to know if an expense falls under COGS, ask: "Would this expense have been an expense even if no sales were ...