In your opinion, What account type is the cost of sales account?

5. Expense........................

My answer is5. Expense.

 

Cost of sales is an expense account. It is incurred when goods have been sold.

My answer is EXPENSE.....................................

Cost of goods sold = opening inventory + purchases - closing inventory. And it is considered as a expense account

An expenses is the type of sales account thats keep record of an organisation

Cost of goods sold is considered an expense in accounting and it can be found on a financial report called an income statement.

COST OF SALES IS AN EXPENSE ACCOUNT

Cost of sold is considered as an expense in accounting .

Option5 "Expense" is the right answer.

The Option5) is correct Expense  

Expense is the right answer