Amount shown on a firm's income statement representing the direct expenses that the firm incurred for sales.' cost of goods sold' is always a debit balance and is shown as either a deduction or a negative number.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). cost of goods sold. Retrieved October 1, 2026, from http://smartdefine.org/cost_of_goods_sold/definitions/1150917 |
| Chicago | Barry Goldsmith. 2010. "cost of goods sold" http://smartdefine.org/cost_of_goods_sold/definitions/1150917 (accessed October 1, 2026). |
| Harvard | Barry Goldsmith 2010, cost of goods sold, Smart Define, viewed 1 October, 2026, <http://smartdefine.org/cost_of_goods_sold/definitions/1150917>. |
| MLA | Barry Goldsmith. "cost of goods sold" 21 October 2010. Web. 1 October 2026. <http://smartdefine.org/cost_of_goods_sold/definitions/1150917> |