Concept introduction:
Service Companies: A company which make income or profit by providing service to its customer instead of selling goods. A example of service company is a chartered accountancy firms.
Merchandising Company: Generally there are two types of merchandising company i.e. Retail and wholesale Companies. A retail company is a company which sold goods directly to customers and a wholesale company is company which sold goods to retail companies.
Manufacturing Company: A company which uses parts or raw material to produce further finished goods and that finished goods sold to customers or other business units which uses them.
To identify:
Write Difference Between Service, Merchandising and Manufacturing Company?
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MANAGERIAL ACCOUNTING W/CONNECT
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