Accounting for IGCSE & O level - Final Statements (Section 6 - No. 40)
What will be included in the total expenses for a period?
Cost of Goods Sold
Carriage outwards
Opening Inventory
Purchases
הֶסבֵּר
Cost of goods sold and carriage outwards are expenses that would be included in total expenses. Purchases and opening inventory are used to determine COGS.