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http://boards.fool.com/the-cost-of-goods-sold-is-an-expense-charged-off-20396307.aspx
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| Subject: Re: I am such a Wannabee! | Date: 2/27/2004 1:10 AM | |
| Author: zsimpson | Number: 2014 of 4981 | |
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The cost of goods sold is an expense charged off against your business income for the year. Unsold inventory is not an expense you get to charge off. I continue to suggest that those who claim that unsold inventory can be used as an expense are mistaken. Hey SP, should I give you my accountants names and you can fight it out with them? I've already said a couple times, I'm not doing the taxes, they are. |
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