Is cost of goods sold debit or credit?

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Earlene Mosciski asked a question: Is cost of goods sold debit or credit?
Asked By: Earlene Mosciski
Date created: Wed, May 19, 2021 1:47 PM
Date updated: Sat, Jun 25, 2022 12:44 AM

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Top best answers to the question «Is cost of goods sold debit or credit»

Cost of Goods Sold is an EXPENSE item with a normal debit balance (debit to increase and credit to decrease).

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