Skip to Content
Menu
This question has been flagged
1 Reply
2097 Views

How to configure in order for our cost of good sold to reflect in the profit and loss report?


Avatar
Discard
Best Answer

That should be your debit account while registering a vendor bill for the purchase of the product. Thanks

Vishal

Avatar
Discard

a vendor bill should go to the inventory increase

the cost of good sold is obtained when the good is sold and the inventory is decreased (credited) with an P/L account to be debited with the cost of goods