Comments for Cost of Goods Sold

Average Rating starstarstarstarstar

Click here to add your own comments

Oct 29, 2012
COGS Equipment Posting
by: Anonymous

When you purchase equipment it is a Capital asset and is posted in an account named "equipment". It is good to add to your question what accounting program you use ie., Simply Accounting?? Any equipment purchase you make for use of your company that costs 500.00 or more goes in the capital asset account.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Bookkeeping Questions and Answers.

Return to Cost of Goods Sold.

Please subscribe to my monthly newsletter, Bookkeeping Basics E-zine. It tells you every month about the new information that I have added, including some great tips and advice from myself and other Bookkeeping Basics readers.

Enter Your E-mail Address
Enter Your First Name (optional)

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Bookkeeping Basics E-Zine.