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View Full Version : What is the difference between merchandising and service company financial statements


italianbeauty21
May 27, 2008, 07:57 PM
What is the difference between merchandising and service company statements? What specific itemization appears on one but not on the other?

morgaine300
May 27, 2008, 08:23 PM
I'd say this is extremely likely a homework question. We are not here just to answer your homework for you. You need to at least make an attempt to do it yourself. Please see our guidelines:

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jblackzoom
Nov 9, 2011, 05:44 PM
The income statement of a merchandising company had Revenue, Expenses from sales through the Cost of Goods Sold which result in Net Income. The income statement of a Service company consists of Service Revenue minus any Expenses (ie: travel expense) that results in Net Income.