ERPstuff - Oracle EBS Community

Posted: **Mon Feb 22, 2010 4:17 am**

Hi Folks,

Could some one explain "Cost of goods sold Account" in Oracle Apps.

Regards
Anjan

Posted: **Mon Feb 22, 2010 4:24 am**

COGS:

Cost of Good Sold means that How much amount you spend to make the Finish Good Product

this amount is called Cost of Goods Sold

and this account must be expense account

Your

Revenue - COGS = Profit

Thanks

Best Regards,
Niletra Desai

ERPstuff - Oracle EBS Community

Cost of goods sold Account Usage in Oracle Apps

Cost of goods sold Account Usage in Oracle Apps