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Accounting & Bookkeeping & Small Business Forum Accounting, Bookkeeping, Marketing, and Small Business Resource
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| Posted: Sat May 29, 2004 5:15 am Post subject: Cost of Sales vs. Cost of Goods Sold |
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| I'm doing bookkeeping for a seafood market that also sells cooked meals. He doesn't have inventory because he buys as needed. How do I record his purchases of meat and other food related items? I've been recording them as cost of sales. Is this correct? Thanks, Tommie |
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Guest
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| Posted: Mon Jun 21, 2004 6:53 am Post subject: RE: Cost of Sales vs. Cost of Goods Sold |
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| That works. Keep up the good work. |
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