Allocating Products Sold Taxes in the P&L
Allocating Products Sold Taxes in the P&L In the Profit and Loss (P&L) statement, taxes related to products sold are typically not included as a separate category. Instead, they are considered as part of the overall expenses incurred by the business and are included in the “Cost of Goods Sold” (COGS) section or the “Operating Expenses” section, depending on