Does cost of goods sold have a debit or credit balance? 1.70K viewsAccounting0 Guest60 0 Comments At the year end and when the trial balance is finalized, is the cost of goods sold a credit or a debit balance? 1 AnswerActiveVotedNewestOldest 0 Guest60 Posted 0 Comments Cost of goods sold is an expense account so it’s a debit account. In accounting, expenses are recorded with a debit so cost of goods sold has a debit balance. You are viewing 1 out of 1 answers, click here to view all answers. Register or Login Search for:
