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Accounting (Text Only)

26th Edition
Carl Warren + 2 others
ISBN: 9781285743615

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BuyFindarrow_forward

Accounting (Text Only)

26th Edition
Carl Warren + 2 others
ISBN: 9781285743615
Textbook Problem
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Name four accounts that would normally appear in the chart of accounts of a merchandising business but would not appear in the chart of accounts of a service business.

To determine

Merchandising Company and Service Company: A merchandising company generates income by selling goods to its customers. However, a service company produce income by providing services to their customers.

To Explain: The main four accounts which normally appears in the chart of accounts of a merchandise business but not appear in the chart of accounts of a service business.

Explanation

The following are the name of the main four accounts which normally appears in the chart of accounts of a merchandise business but not appear in t...

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