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BARSIC [14]
3 years ago
8

Cost of Merchandise Sold is a liability account. True False

Business
2 answers:
Murljashka [212]3 years ago
8 0

Answer:

False

Explanation:

Cost of goods sold is not an asset (what a business owns), nor is it a liability (what a business owes). It is an expense.

jeyben [28]3 years ago
4 0

Answer:

true

Explanation:

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