Cogs normal balance1/28/2024 ![]() The customary value for cost of sales accounts is a debit value. If the value were credit based it would increase the overall profitability of the business operation just as sales are credit based (see Lesson 6). įor the purposes of this lesson, the more generic title ‘Cost of Sales ’ is used. If you desire to gain a more thorough understanding than read: Cost of Sales – Various Formats.
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