According to accrual accounting,when goods are not sold until the period after they were produced,then the cost of goods sold will be:

Question

Quizplus · Accepted Answer

Accrual accounting recognizes revenue and expenses when they are earned and incurred, regardless of when cash is received or paid. In this case, the cost of goods sold will be recognized when the goods are sold, as that is when the revenue is earned.

According to Accrual Accounting,when Goods Are Not Sold Until the Period