Which Type of Account Is Cost of Goods Sold

question 64

Multiple Choice

Which type of account is cost of goods sold?

• A) An asset account
• B) A liability account
• C) An expense account
• D) An income account

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Definitions:

Political Networks

Networks of social, professional, or political connections that facilitate the sharing of information, influence, and power among individuals or organizations.

Informal Small Talk

Casual and light conversation about non-work-related topics that helps build relationships among colleagues.

Performance

A measurement of how effectively individuals, groups, or organizations meet their goals or objectives.

Politics

The activities, actions, and policies used to gain and maintain power in governmental or organizational settings.