Inventory account

Sir, my understanding is that cogs is an expense we that we incurred to produce goods if it’s increasing it’s a debit , in that case why is it appearing on credit side on the stock account , and similarly closing stock is an asset why is that appearing on credit side [Video Time Stamp: 02:50] Video Details ------------- Accounting - CA Foundation (New) Inventories #8. Perpetual & Periodic Inventory Valuation - Part 2

Aravind V

CA Foundation

★ 0

07-Feb-26 06:04

134