Accountıng I Deneme Sınavı Sorusu #1313780
Which of the following is true for a merchandising company?
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Raw materials are converted to finished goods and then sold to customers. |
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They do not make production. |
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Hospitals, hotels and law firms are examples of merchandising companies. |
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These companies have three types of inventories. |
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They have work-in-process inventory. |
Yanıt Açıklaması:
These companies purchase the goods that are ready to be sold and sell them to generate revenue. Considering the type of their customers, merchandising companies are called either as retailer or whole seller.
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