Homework Help: accounting

Posted by mh on Tuesday, January 15, 2008 at 9:36pm.

I am having trouble finding the following:
What items appear on the merchandising company statements that don’t appear on the service company statements?

Why is there a difference?

Please help.

accounting - Anonymous, Sunday, January 20, 2008 at 12:07pm
In merchandising company goods are purchased and sold with same form, however in service company services are charged for e.g. professional services like doctors, lawyers and accounting firms.

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