RE: Exceptional items23 May 2023 18:44
Peoplepower1
Posted in: BOO
Posts: 6,612
Price: 43.42
No Opinion
RE: Exceptional itemsToday 18:08
WolfofWarks blustering again. You don't know what must be put into cost of sales.
Cost of sales must include anything to do with sales. Sheffield automation is to do with sales, start up costs for US Distribution is to do with sales, currency hedging for paying suppliers is to do with sales.
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No, machinery purchase does not fall under the cost of goods sold. The only items recorded under the cost of goods sold are the ones that are used directly in the production process. Machinery purchase is recorded in the balance sheet as an increase in fixed asset.