Journal entry to record cost of goods sold
To record sales, we will debit Cash or Accounts Receivable, depending on payment, and credit Sales Revenue. In each case the perpetual inventory system journal shows the debit and credit account together with a brief narrative. On the other hand,…
Journal entry to record cost of goods sold
To record sales, we will debit Cash or Accounts Receivable, depending on payment, and credit Sales Revenue. In each case the perpetual inventory system journal shows the debit and credit account together with a brief narrative. On the other hand,…
Journal entry to record cost of goods sold
To record sales, we will debit Cash or Accounts Receivable, depending on payment, and credit Sales Revenue. In each case the perpetual inventory system journal shows the debit and credit account together with a brief narrative. On the other hand,…
Journal entry to record cost of goods sold
To record sales, we will debit Cash or Accounts Receivable, depending on payment, and credit Sales Revenue. In each case the perpetual inventory system journal shows the debit and credit account together with a brief narrative. On the other hand,…
Variable Costing What Is It, Examples, How To Calculate, Formula
This refers to any expenses that fluctuate relative to the number of units the company produces, such as direct materials, direct labor, commissions, or utility costs. Fixed costs refer to expenses that do not change with production output, such as…