Merchandising companies purchase merchandise that is in a finished goods state, ready to sell to customers. How is reven

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answerhappygod
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Merchandising companies purchase merchandise that is in a finished goods state, ready to sell to customers. How is reven

Post by answerhappygod »

Merchandising companies purchase merchandise that is in a
finished goods state, ready to sell to customers. How is revenue
recorded by these companies, and what account title is used for the
revenue account? Two inventory systems may be used. How do the
perpetual and periodic inventory systems differ?
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