What distinguishes a merchandising business from a service business?
The nature of a business can mean that it has special accounts that are used for that company's financial accounting. The chart of accounts for a manufacturer, for instance, includes three different types of inventory.
Answer and Explanation: 1
A merchandising business is distinguished from a service business in the use of inventory accounts.
Merchandisers report sales revenues and the cost...
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fromChapter 1 / Lesson 6
Understand what a merchandising business is. Learn the meaning of merchandise and the types of merchandising companies. See merchandising business examples.