Classification of components of operating expense - Wholesale and retail trade

1 - Operating expenses (excluding cost of goods sold)

Refers to all operating expenses, excluding cost of goods sold. Operating expenses are expenses, other than financing expenses and income taxes, incurred in the normal course of business, including selling and administrative expenses and other operating expenses.

2 - Cost of goods sold

Refers to the cost value of goods sold and recognized in revenue, during the reporting period. It is determined by calculating: Opening inventory + Purchases - Closing inventory.

Report a problem on this page

Is something not working? Is there information outdated? Can't find what you're looking for?

Please contact us and let us know how we can help you.

Privacy notice

Date modified: