An expense recognized at the time of a sale of merchandise in the amount of the cost of the merchandise to the seller is called cost of goods sold.
Selling expenses are the prices related to distributing, advertising and promoting a product or service. They are one in all 3 varieties of cost that make up a company's working expenses. The others are management and widespread expenses.
In a vending business, while the products are sold, the sales is stated as income and its price is diagnosed as an cost. This cost is the price of the products sold.
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