In accounting,the recording of the cost of goods sold occurs at the time of the sale,but the cash flow
may take place over an extended time period.

Name: In accounting,the recording of the cost of goods sold occurs at the time of the sale,but the cash flow may take place over an extended time period.
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In accrual accounting, the cost of goods sold is recorded at the time of sale, regardless of when the cash payment is received, which may indeed occur over an extended period.

In Accounting,the Recording of the Cost of Goods Sold Occurs