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How to record Cost of goods ?

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Hi,

Can anybody please help me how i could record Cost of sales........ The Income statement only shows the income not the COGS..... Please help...

Thank you very much

Shamzil Ramiz

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Hello all, I changed the General Products Purchased to sub-class = Cost of Sales.

I have maintained the Items with Quantity / Cost Price / Sales Price and I am only getting the General Sales (income) journal entry and not the Cost of Sales (expense).

 

Am I doing something wrong?

 

Thank you.

Perikles

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