Cost of Sales
From Financialjargon
Definition of Cost of Sales
‘Cost of sales’ are the direct cost of sales during a period. This could be the cost of purchases for a retailer or cost of production for a manufacturer.
‘Cost of sales’ is matched to the sales that took place during the period, as opposed to when the purchase/manufacture took place.
Other Financial Statements terms
- Asset
- Capital Employed
- Contingent liability
- Cost of Goods Sold
- Creditors
- Current Assets
- Cash assets
- Current liabilities
- Debtors
- Exceptional item
- Fixed Assets
- Gross margin
- Gross profit
- Intangible Assets
- Liability
- Net profit
- Operating expenses
- Operating profit
- Retained earnings/profits
- Revenue (alternatively, sales or turnover)
- Share capital
- Share premium account
- Shareholders' funds-Equity
- Stock
- Taxable profits
- Year-end
