Cost of goods sold is part of general and administrative expenses.

Name: Cost of goods sold is part of general and administrative expenses.
Brand: Quizplus
Rating: 4.8 (43 reviews)

Question

Quizplus · Accepted Answer

Cost of goods sold (COGS) is a separate expense category from general and administrative expenses (G&A). COGS represents the direct costs associated with producing goods or providing services, while G&A includes expenses such as salaries, rent, utilities, and other overhead costs associated with running a business.

Cost of Goods Sold Is Part of General and Administrative