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Is cost of sales an expense? Knoxville

Published date: December 29, 2025
  • Location: Knoxville, Knoxville, Tennessee, United States



 





Yes, your cost of sales is an expense. It is neither what your business owns (an asset), nor a liability that you owe. Cost of sales is directly related to the amount of money your business spends to acquire or produce a product you sell.



Keywords: Accounting Services Knoxville
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