1.Please explain the differences in accounting for a service business and a merchandising business. 2....

60.1K

Verified Solution

Question

Accounting

1.Please explain the differences in accounting for a service business and a merchandising business.

2. List and explain at least 2 impacts that merchandise inventory has on the financial statement.

3. Please describe the steps in the merchandising operations.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students