The cost of goods sold is considered to be an expense account. It is because an expense account are the sum of money that is used or spent in a business which are being done by the employees who has the ability to take control of the money that should be spent. For the cost of good sold is where the costs are included in which is being used for producing goods that will be of the betterment of the business. They are related for both used to spent in the production of good quality of the business.