Yes it is.
debit
Debit
COGS is expense account and all expenses has debit balance as default normal balance so COGS also has debit balance.
debit
asset, debit
debit
Debit
COGS is expense account and all expenses has debit balance as default normal balance so COGS also has debit balance.
debit
asset, debit
Either you can consider purchase is an expense and a debit balance or an asset an a debit balance
normal balance of debit
Expenses have a normal debit balance.
Rent expense has a debit balance as a normal balance so increase in rent will be shown by debit to rent expense.
As all expenses has debit balance as normal balance and rent is also expense then rent expense also has debit balance and shown in income statement as a reduction from revenue.
An Expense would normally have a debit balance.
debit