Cost of sales accounting?
A type of profit and loss statement that matches the sales revenues to the costs or expenses involved in making the revenue (cost of sales).
The expenses are listed in functional areas such as:
• Manufacturing
• Management
• Sales and distribution
• Research and development
Cost of sales accounting displays how the costs were incurred. It represents the economic outflow of resources.
A type of profit and loss statement that matches the sales revenues to the costs or expenses involved in making the revenue (cost of sales).
The expenses are listed in functional areas such as:
• Manufacturing
• Management
• Sales and distribution
• Research and development
Cost of sales accounting displays how the costs were incurred. It represents the economic outflow of resources.
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