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                    فيديو شرح Journal Entry for Cost of Goods Sold ضمن كورس محاسبة التكاليف شرح قناة Edspira، الفديو رقم 21 مجانى معتمد اونلاين                
            
            
                Cost of Goods Sold is an expense that is debited when a company sells inventory. For example, let's say a retailer sold inventory (with an original cost of $35) to a customer for $60 cash. Upon making the sale, the retailer would debit Cost of Goods Sold for $35 and credit Inventory for $35. In addition, the retailer would credit Sales Revenue for $60 and debit cash for $60. 
Both Cost of Goods Sold and Sales Revenue would appear on the Income Statement.
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