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Which account does a merchandiser use that a service company does not use?
Wiki User
∙ 10y ago
cost of goods sold , inventory and sales revenue
Wiki User
∙ 10y ago
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What account does a merchandiser but not service company use?
cost of goods sold , inventory and sales revenue
Request to Close an Unauthorized Account?
Get StartedThis letter is used to request the cancellation of a credit account or service account that was opened in your name by an identity thief without your consent.Note: You should contact the company who issued the account immediately and use this letter as a follow-up. However, if you choose not to call first, this letter can be used as a first contact with the company.
What e payroll service does the company pilgrims pride use?
epay
How do you use account payble and receivable?
These are basic accounts. Accounts Payable is used by one company to record the amount owed to it by another company or person. Accounts payable is a liability account. Say your company purchases inventory from another on account, your company records what it owes as a liability in accounts payable. AP increase with a credit and decrease with a debit. The opposite is true with Accounts Receivable. Your company records money owed to it by another company or person in AR. AR is a asset account and therefore increase with a debit and decreases with a credit. How to use these accounts are pretty simple and straight forward for the basics. Let's say we are company A, we purchase inventory from Company B on account. We use AP - Company B and record the purchase, we credit the amount to that account. So say we purchased Inventory in the amount of $500 on account our first recording would be: Inventory (dr) $500 AP - Comp B (cr) $500 No cash has changed hands at this point so cash does not figure into this transaction. Now AR, say we sale inventory to Company B on account for $500, The transaction is as: AR - comp B (dr) $500 Sales (cr) $500 Again not cash has changed hands at this time. Most company's use a subsidiary ledger to record individual accounts, then a general ledger to show a running total of all AP and AR accounts.
1 In comparing the accounts of a merchandising company with those of a service company what additional accounts would the merchandising company likely use assuming it employs a perpetual inventory?
Cost of goods sold and Gross profit
What account does a merchandiser but not service company use?
cost of goods sold , inventory and sales revenue
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According to Sprint customer service you can not use Boost phones with a Sprint service account.
Would a traditional income statement differ depending on whether the business is a service organization merchandiser or manufacturer?
A traditional income statement would differ depending on whether a business was service-oriented, a merchandiser, or a manufacturer. The manufacturing company transforms raw material into finished goods through the use of labor and factory facilities and a merchandising company, such as a retail furniture store which buys finished furniture and sells it in the same form i.e sells the goods it buys without changing the basic form. The income statement which is prepared by a merchandising concern needs no calculations of cost of goods manufactured. But the income statements prepared by the manufacturing concern requires the calculations for the cost of goods manufactured. So the financial statements prepared by a manufacturing company are more complex than the statements prepared by a merchandising company. The manufacturer company involves many costs that the merchandisers do not have. It is clear that the manufacturing company will have a more complex and varied cost components vs. a merchandiser and a service organization.
Request to Close an Unauthorized Account?
Get StartedThis letter is used to request the cancellation of a credit account or service account that was opened in your name by an identity thief without your consent.Note: You should contact the company who issued the account immediately and use this letter as a follow-up. However, if you choose not to call first, this letter can be used as a first contact with the company.
What is an Internet account?
An Internet Account if any user want to internet service from any Internet service provider when purchases an account from ISP for fix time in this account user give user name and password.this user name and password use for login and use of internet services from Internet service provider
If its free What is the account for?
So that the Free Service knows who you are when you come back to use it (the service knows you) also it is used by the service provider to monitor use of the service and perhaps tailor advertising to you.
A company is investigating the use of an isdn service to act as backup for the ASDL service they use?
a company is investigating the use of an isdn service to act as backup for the ASDL service they use to communicate with branch offices.they discover that the isdn bri service uses two 64 kb/s B channels which function do the b channels perform
Does a company use a lot of energy?
Depends on the specific company and if it is a service or supply based company. Generally speaking, a company will use more energy then domestic premises.
Why does the gross profit increase when the value of closing stock increases?
It doesn't. Gross profit is the of a company is the profit it receives for the product or service produced after the cost of that service or product. It does not take into account any other expenses incurred by the company. Net profit takes this into consideration. Price of stock can increase or decrease the available money for a company to invest or use for generating income.
Why is Tracy byrd's Twitter account gone?
She decided to no longer use the service.
Do you have to use a bank account to get go phone cell service?
With the AT&T wireless go phone service you do not need a bank account. All you have to do is purchase their prepaid cards with minutes on them.
How can you contact twitter if you don't have an account with them?
There isn't a customer service email or phone number that you can use to contact them.
