What distinguishers a retail business from a service business?
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What distinguishers a retail business from a service business?
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- What is the difference between a wholesale business and a retail business?Choose a company and describe how a specific issue, policy, or procedure (for example, granting merchandise returns, establishing sales prices) might look if the business is structured as a centralized business.Choose a company and explain how a specific issue, policy, or procedure (for example, granting merchandise returns, establishing sales prices) might look if the business is structured as a decentralized business.
- What distinguishes a retail business with the services business?How is accounting for service businesses different than accounting for merchandising businesses?what is sale revenue in retail industry? what is service revenue in service industry? what is liability in service and retail industry? what is equity in service and retail industry?
- Subsidiary ledgers in merchandising business?What are the differences between the financial reporting of a retailing firm and those of a service organization?Which of the following statements is true about a retail business? The operating cycle for a service business differs from the operating cycle for a retail business in that a service business must purchase merchandise for sale to customers. The revenue activities of a retail business involve rendering services to customers. The operating cycles of retail businesses and service businesses are exactly the same. The revenue activities of a retail business involve the buying and selling of merchandise.
