To record the cost of inventory sold in a sale, a debit to Cost of Goods Sold and a credit to Inventory is required.

Name: To record the cost of inventory sold in a sale, a debit to Cost of Goods Sold and a credit to Inventory is required.
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In accounting, when inventory is sold, the cost of the inventory is transferred from the Inventory account to the Cost of Goods Sold account, requiring a debit to Cost of Goods Sold and a credit to Inventory.

To Record the Cost of Inventory Sold in a Sale