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CaHeK987 [17]
3 years ago
15

Why is the cost of goods sold account part of a trading business only?

Business
1 answer:
Lisa [10]3 years ago
5 0

Answer:

Yes costs of goods sold is peculiar to those businesses dealing in tangible items

Explanation:

For a service company there is no costs of goods sold because no goods were purchased for resale.The major costs found in the cost structure of a service outfit is manpower costs,since people with requisite knowledge form the main reason for business existence

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3 years ago
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